12. You find a $50 USD bill in one of your parent's old coats and they let you keep it. Youdecide to spend it on a pair of pants that normally cost $59.99 but are on sale for 30%off. Of course, you will also have to pay 8% tax. How much change (if any) will you getfrom the $50 USD bill?Previous▸40

To promot sale and products some time companies gives huge discount on the prices so as to attract…

Answered: 2. You find a $50 USD bill in one of…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

You find a $50 USD bill in one of your parent’s old coats and they let you keep it. You decide to spend it on a pair of pants that normally cost $59.99 but are on sale for 30% off. Of course, you will also have to pay 8% tax. How much change (if any) will you get from the $50 USD bill?
2a. You decide to purchase a new touchscreen Chromebook. The price is listed at $499.99 but the salesperson tells you that everything in the store is 25% off today. What is the total price that you pay for the Chromebook (including 8% Tax)? 2b. You decide to take advantage of the store's payment plan. The payment plan's terms are as follows: 18 equal monthly payments, 6% interest, compounded monthly. a) What is the total cost that you will end up paying for
7A) You are in the pizza business and want to buy a new pizza making machine. The machine costs $15051 today. At the end of each year you own the machine it will give you returns of $3420 after paying for maintenance and repairs. [Go on to 7B.]
You purchase a backpack for $24.95, a calculator for $34.55, and a notebook for $1.50. If the sales tax rate is 12%, how much will you pay in total including tax?
You intend to purchase a new car upon graduation in two years. It will have a costof RM29,371, including all extra features and sales tax. You just received a RM3,000pre-graduation gift from your rich uncle that you intend to deposit in a moneymarket account that pays 6% interest, compounded monthly. If you use the amountin the money market account for a down payment, and take out an auto loan for theremainder, how much will you need to borrow?
You have decided to purchase a new car that costs $44,500. You need to make a 20% down payment, then you will finance the rest with a loan. Your bank will extend you a car loan where the APR is 4.32% and you will make monthly payments over five years. What is the monthly payment on the vehicle? O $593.33 O $660.78 O $512.79 O $825.98
You wish to buy a car at a cost of $45,000. Ford Credit will finance the car at 3.9%/year over 48 months OR you can receive a rebate of $1,500 and finance through your credit union at 9.7%/year over 48 months. How should you finance your car and what are your monthly payments? How much of a rebate would Ford have to give to make you indifferent to the financing? Round final answers to 2 decimal places. Show your work in detail for full credit. 27043 16:2206 26-01-201 301-4022- 050-4372
suppose you are in a hurry to get your income refund. if you mail your tax return, you’ll receive your refund in 5 weeks. if you file the return electronically through a tax service, you can get the estimated refund tomorrow. the service subtracts 100 dollar fee and pays you the remaining expected refund of $1956. what is the apr? what is the ear? how large does the refund have to be for the apr to be 15%?
2. You decide to do some remodeling in the kitchen. Your parents agree to lend you the money, but you insist on paying them interest. The agreement is that they will lend you $8000.00 at a simple interest rate of 2% per year. Once the interest amounts to $480, you agree to pay them back the $8000 plus the $480 interest. After how many months will you have to pay them back? Be sure to show all of your work.
You determine that you can afford $356for a car payment but only want to finance it for 4 years. If current auto rate are 8.11% and TTD will cost $1200. How much can you afford to pay for the car itself?
Solve the problems. 2. You want to buy a sectional sofa that costs $5300 by saving money in your savings account which pays 2.1% compounded interest. a. How long will it take you to save for your sofa if you make regular monthly deposits of $200.00? b. How much money will you end up paying for the sectional sofa?
your birthday is next week and instead of other presents, your parents promised to give you$1,000 in cash. Since you have a part time job and, thus, don't need the cahs immediately, you decide to invest the money in a bank CD that pays 5.2% , compounded quaterly, for the next 2 yrs. How much money can you expect to earn in this period of time?

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

2. You find a $50 USD bill in one of your parent's old coats and they let y ecide to spend it on a pair of pants that normally cost $59.99 but are on ff. Of course, you will also have to pay 8% tax. How much change (if any) rom the $50 USD bill?