What amount of money invested today at 15% interest can provide the following scholarships: 30 000 at the end of each year for 6 years, 40 000 for the next 6 years and 50 000 thereafter?
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- Suppose a new customer adds $100 to his account at Southwestern Mutual Bank, which the owners of the bank then use to make $100 worth of new loans. This would increase the loans account andBob loves clothes. His favorite activity is to go shopping at the mall and try on new clothes. He looks forward to the day when he has a job so he can buy all the clothes he wants. Next week is Bob’s birthday and he will receive RM100.00 for his present. He saw a pair of jeans at the mall that was RM95.00; however, he also needs new shirts, new shorts, and some sports shorts. His RM100.00 could purchase all of these things or it could purchase one pair of designer jeans. All the students at the college wear these jeans. Bob states, “If only I had a pair of these jeans, I would be popular. How could Bob make a wise decision? Reasoning – Make a decision for Bob and explain why that is a good decision for him. Feel free to make up the various circumstances in his life— for example, whether Bob may have some savings/work part-time. The more reasons you can give for his decision, the better.Bob loves clothes. His favorite activity is to go shopping at the mall and try on new clothes. He looks forward to the day when he has a job so he can buy all the clothes he wants. Next week is Bob’s birthday and he will receive RM100.00 for his present. He saw a pair of jeans at the mall that was RM95.00; however, he also needs new shirts, new shorts, and some sports shorts. His RM100.00 could purchase all of these things or it could purchase one pair of designer jeans. All the students at the college wear these jeans. Bob states, “If only I had a pair of these jeans, I would be popular. How could Bob make a wise decision? Reflect: What is the critical thinking and reasoning process you have applied to make the decision for Bob?
- Mf4. As an employee in the Lottery Commission, your job is to design a new prize. Your idea is to create two grand prize choices: (1) receiving $50,000 at the end of each year beginning in one year for 20 consecutive years, or (2) receiving $500,000 today followed by a one-time payment at the end of 20 years. Using an interest rate of 4%, which of the following comes closest to the amount prize (2) needs to pay at the end of year 20 in order that both prizes to have the same present value? a. $ 114,932 b. $ 235,712 c. $ 393,342 d. $ 440,463 e. $ 326,649Chelsea has to pay a series of uniform annual payments over a fixed period of time to repay a loan that would amount to $1,000,000. If Chelsea has to pay $30,000 per year for a rate of 6%, how long should she pay these uniform payments in order to repay her loan? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Identify the QS vs QD
- Suppose a new customer adds $100 to his account at North Central National Bank, which the owners of the bank then use to make $100 worth of new loans. This would increase the loans account and the account.Logan has $2,000 in a checking account and wants to buy a new MacBook for $1,100. Logan decides he needs the money in his account to pay his bills next month, so he buys the MacBook by charging the $1,100 to his credit card and paying it off gradually over the next several months. Logan choosing to "save" his cash on hand for bills is:Please do fast and solve all parts with correct answer and proper explanation
- q 10,11,12 please thank you multichoicea man loaned P20,000 from a bank which gives a discount rate of 5%. He promised to pay it in a year, how much does he expect to receive.IDENTITY THEFT LIABILITY. With the recent hacking of Equifax, identity theft is on the rise. It is more important than ever to make sure that you constantly monitor your accounts for any suspicious charges or changes to your accounts. Every bank, credit card company or financial institution report to at least one of the 3 credit bureaus, Equifax, Experian, TransUnion. What is the time limit and monetary liability that you have, if you are a victim of:9a) Banking fraud? 9b) Credit fraud?