Practice Test - 3 Q&A

I am doing practice problems to help study for an exam for my class. I need help with the formulas.

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Suppose all incoming freshmen at a private college must take an entrance exam. Suppose the scores have normal distribution with a mean of U = 420 and standard deviation of σ = 95. (Show your work by indicating what calculator commands and input you use to find your answers. Round your answer to 1 decimal place.) No Work No Crédit. 1. If a student scores in the bottom 8%, they must attend summer school. What would a student have to score to avoid summer school? Sketch a corresponding normal curve in your solution. Interpret your answer in a complete sentence. 2. If a student scores in the top 4%, they get a free vacation in Hawaii. What would a student have to score to get the vacation? Sketch a corresponding normal curve in your solution. Interpret your answer in a complete sentence.

B. Guided/Practice Activity one full rotation. 14 B. Guided Practice Activity Activity: Situation Your grandparents have decided to sell their real estate property in Labason, Zamboanga del Norte and they are planning to purchase an agriculture land in Titay, Zamboanga Sibugay. They posted an online advertisement for this. A week after, two offers came. Offer 1: P500,000 down payments plus P1,500,000 lump-sum payment 10 years from now. Offer 2: P500,000 down payments plus P12,500 per month for 10 years. Which among the two offers should your grandparents choose if the payments will have an interest of 12% compounded monthly? Find the fair market value of the two offers. Solution. Given: Offer 1: 500 1000 dann t. Offer 2: S00,000 donn payments T so0 g00 lumo Sum

Hello this is for a financial mathematics class

Need both questions. ....attempt if you will solve both questions. ...thanks   please provide excel functions as well rhank you

vishu subject-Accounting

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Please helppp, this is for financial mathematics, thank youuu

Ruth (31) is your new client. She graduated from GBC five years ago. Since then, she has worked hard and progressed at her job. Two years ago, she bought a condo and now she finds that money is tight She is looking for your input on her financial position. Below is the financial data she provides for 2020. Incomes and expenses are annual, assets and liabilities are balances on Dec 31, 2020     Chequing Account $3000              RRSP $21000 Saving Account $6000               Condo $590000 Stock Portfolio $18000               Car.  $ 39000 GIC (5-year term) $7000.              Student loan $21000 Car Loan $25000.                   Line of credit(outstanding)$29000 Employment Income $ 88000.          Mortgage debt $250000 Income Taxes $32000.                Clothing $2500 Mortgage payments $17000.           Heat $2000 Food expenses $5500.                Entertainment $5000 Loan payments $11000.               Transportation $4500 Insurance premiums $3000.            Vacation $4000…

Q2 (a) Tully is a graduating high school senior deciding between three alternative combinations of education-work options. He could start working immediately and earn $30,000 working in a burrito truck in period one. His salary would increase to $60,000 in period 2 as he would become chef, and then fall in period 3 to $50,000 as he would become too physically tired to work too much in the kitchen. His first alternative is to spend $15,000 to attend Da-Lousy University for economics and earn an undergrad degree in period 1. Upon obtaining his degree he would earn $80,000 as an economist for periods 2 and 3. The final option is for Tully to complete a doctorate degree in economics after finishing his undergrad degree. There would be no direct costs as he would get scholarships, but he could not work in period 2 while he completed his PhD. After finishing his PhD he would earn $200,000 as an Econ Prof at Kings University in period 3. His interest rate is 15 percent per period. What should…

Subject: acounting

Your Question :Your Question :Your Question :Your Question :help  please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!!!!

Please answer question 10 in derail showing computation after reading the scenario thank you. Question at the endStephanie Carter has been gifted a sum of $50,000 by her grandparents on completing her graduation successfully. She is a fresh finance graduate and is excited to invest some money in the capital market, for which she intends to use the gifted sum of $50,000. However, instead of committing this money to the market immediately, she decides to wait for some time, work in the field and acquire some experience before proceeding with her intended investment. She thus contemplates an extremely conservative investment in a portfolio of stocks and bonds, at the start of year 5 from now. For now, she will leave the $50,000 in a fixed deposit with the bank which promises an interest rate of 6% per annum. She will require a return of at least 9% on her stock investments and 4% on bond investments. Stephanie would have to pay 25% taxes on any interest income. Dividends will be tax-free.…

Connect Problem 01-13 (algo) Next Friday, you plan to sell cakes at a bake sale to raise money for your school. You plan to charge $30 per cake, and you anticipate that you will sell 10 cakes. You can either purchase cakes to sell or bake them yourself. If you purchase the cakes, they will cost $23 each. If you bake your own cakes, your cost depends upon the number of cakes you bake, as shown in the table below. Number of cakes you bake Bake $ 0 1 2 3 4 5 6 7 8 9 10 a. How many cakes should you bake? How many cakes should you purchase? Instructions: Enter your answer as a whole number. cake(s) and purchase cake(s). b. Given your answer to part a, how much in total will the 10 cakes cost you? Instructions: Enter your answer as a whole number. Total cost of baked cakes ($) 0 10 22 36 52 70 90 112 136 162 190 c. How much would it have cost you to bake all 10 cakes?

Need answer the financial accounting question

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please  answer only last two requirements You are a young personal financial adviser. Molly, one of your clients approached you for consultation about her plan to save aside $450,000 for her child’s higher education in United States 15 years from now. Molly has a saving of $120,000 and is considering different alternative options:   Investment 1: Investing that $120,000 in a saving account for 15 years. There are two banks for her choice. Bank A pays a rate of return of 8.5% annually, compounding semi-annually. Bank B pays a rate of return of 8.45 annually, compounding quarterly.   Investment 2: Putting exactly an equal amount of money into ANZ Investment Fund at the end of each month for 15 years to get 330 000 she still shorts of now. The fund is offering a rate of return 7% per year, compounding monthly.   Required:   a) Identify which Bank should Molly choose in Investment 1 by computing the effective annual interest rate (EAR)?   b) Calculate the amount of money Molly would…

Hi,Would like to know the answers with steps for the questions attached in the image.Thanks for the help

Question 4. Time Value of Money a. At age 60, you find that your employer is moving to another location. You do not wish to move and instead will receive a termination package of $100,000. You don't want to retire for another 5 years so you take a job in your current location, which just covers your living expenses. If you invest the $100,000 at 8% today, how much will you have when you retire in 5 years? b. Deposited $50,000 in a debt retirement fund. Interest will be compounded annually and added to the funds at the end of each year. Given a 8% interest rate, what will be the balance in the fund at the end of year 3? What is the total amount of interest revenue that will be earned?

do assignments using excel and manually if possibly A student plans to open a business with the courage to borrow $1740,11 and will return the same amount every year for 5 years. If the loan interest from (Small Business Credit) is 6%/year. How much is the student's installment/year?

unc.3

Question 1: Know your numbers! You are a student at the University of North Anywhere. There are three components to your education costs each year. There are tuition fees, living in the university Hall of Residence (with free meals), and books (or other required course materials) bought directly from the publishers. Each student's spending on these items in the base year was as follows. Books = $100 Residence = $4,100 Tuition = $5,400 Only the students who were at the university in the base year know the actual dollars spent on each item. You are at the university 10 years later and so do NOT know those amounts. You know ONLY the current year's index of each cost, which are Books = 130 Residence = 120 Tuition = 170 Now the university proposes to raise tuition fees to cover cost increases. The Chair of the Student Council argues: "Look at what's happened to the cost of our education already!! The index of the total costs of books, residence, and tuition is now (130+120+170)/3 = 140.…