QuickHelper

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About QuickHelper

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

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 352 Weeks Ago, 5 Days Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Accounting Posted 25 May 2017 My Price 8.00

Personal Finance Assigment, business and finance homework help

Question description

 

Lesson Assignment

Calculate the following scenarios and write down your answers. To use the calculators, slide the triangle for each category to set it.

Scenario Number #1 Visit the CD Calculator

You have $1000 in your savings account. You are 14 years old and want to put it in an account for college and earn more interest than you can in your savings account. So, you put it in a CD for 5 years. Using the CD Calculator, what will your savings be after five years? Use a 2% Interest Rate.

Scenario Number #2 Visit the Savings Calculators

You have $1000 and you want to save for 5 years/60 months. You are planning on adding $150 each month but you would like the option to access the money if needed. Using the Savings Calculator, how much will you have after five years if you do not access the money? How much did you earn in interest? Use a 2% Interest Rate.

Answers

(10)
Status NEW Posted 25 May 2017 11:05 AM My Price 8.00

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