CourseLover

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About CourseLover

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Engineering,Health & Medical,HR Management,Law,Marketing,Math,Physics,Psychology,Programming,Science Hide all
Teaching Since: May 2017
Last Sign in: 286 Weeks Ago, 4 Days Ago
Questions Answered: 27237
Tutorials Posted: 27372

Education

  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Accounting Posted 08 Dec 2017 My Price 10.00

to know the steps to get answer.

I want to know the steps to get answer. 

 

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.  Answer=$423,504

 

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.  Answer=$46,393

 

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.  Answer=17,290

Answers

(12)
Status NEW Posted 08 Dec 2017 02:12 PM My Price 10.00

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