The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 286 Weeks Ago, 4 Days Ago |
| Questions Answered: | 27237 |
| Tutorials Posted: | 27372 |
MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010
Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017
I want to know the steps to get answer.Â
Â
1. Your client is 40 years old; she plans to save $5000 per year staring one year from now until she is 65 years old. How much money will she accumulate in the account if she is able to earn 9% per year. Â Answer=$423,504
Â
2. Use above data: If she expects to live another 20 years from the time she retires at age 65, and assuming she earn 9% on her account, how much money can she withdraw each year from her account. Â Answer=$46,393
Â
3. You have saved $4000 for a down payment on your car. The most you can afford as monthly payment is $350. Loan is 12% APR. Pavement made end of each month. You are financing the car over 48 months. What is the most expensive car can you afford to buy today given this situation. Â Answer=17,290
----------- Â ----------- H-----------ell-----------o S-----------ir/-----------Mad-----------am ----------- Th-----------ank----------- yo-----------u f-----------or -----------usi-----------ng -----------our----------- we-----------bsi-----------te -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------ns.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age-----------