Answer t1. Hgiv2. DuSup4.4 yeann3. Raya works as a sales agent for a certain company. She was able to sell a product worthP42,000 at an interest of 4% to be paid in 4 equal monthly payments. For the 1st term, shewill earn 5.5% in commission which will decrease by 0,5% next term and for each of thesucceeding outstanding balances, Compute Raya's commission for each of the term andin total.

There are significant distinctions between commissions and fees, at minimum in the context of…

Answered: 3. Raya works as a sales agent for a…

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

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2. PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULASEnrique Perez bought a house whose value is $1'900,000 cash. He paid $400,000 cash and the rest in 8 equal quarterly payments. If he is charged 10½ % nominal interest on the transaction, a) find the value of each of the quarterly paymentsb) find the total amount paid.c) Find the total amount of interest paid.d) Find the effective rate. Note:In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note:It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.
Marie earns $557.69 weekly. The company has approved a 2% increase retroactive to January 1, 2023. 20 pay periods have been processed in the current year. Calculate Marie's gross earnings for the next pay period, including the current salary and the retroactive increase. This will be paid on one cheque.
Eric borrowed $4,695 from Roger and signed a contract agreeing to pay it back 10 months later with 4.15% simple interest. After 3 months, Roger sold the contract to Chris at a price that would earn Chris 5.00% simple interest per annum. Calculate the price that Chris paid Roger. Your Answer: 4 Answer
On March 8, Manuel borrowed $720.00 from his uncle at 4.3% per annum calculated on the daily balance. He gave his uncle six cheques for $110.00 dated the 8th of each of the next six months starting April 8 and a cheque dated October 8 for the remaining balance to cover payment of interest and repayment of principal. Construct a complete repayment schedule for the loan including totals for Amount Paid, Interest Paid, and Principal Repaid. Complete the repayment schedule below. (Round to the nearest cent as needed.) Balance Before Payment Amount Paid Balance After Payment Payment Number O Mar. 8 Interest Paid Principal Repaid $720.00 1 Apr. 8 $720.00 $110.00 2 May 8 $110.00 3 June 8 $110.00 4 July 8 $110.00 5 Aug. 8 $110.00 6 Sept. 8 $110.00 7 Oct. 8 $0.00 Totals:
Subject: acounting
Through November, Cameron has received gross income of $131,000. For December, Cameron is considering whether to accept one more work engagement for the year. Engagement 1 will generate $9,860 of revenue at a cost to Cameron of $4,100, which is deductible for AGI. In contrast, engagement 2 will generate $7,200 of qualified business income (QBI), which is eligible for the 20 percent QBI deduction. Cameron files as a single taxpayer. Calculate Cameron's taxable income assuming he chooses engagement 1 and assuming he chooses engagement 2. Assume he has no itemized deductions. Description (1) Gross income before new work engagement (2) Income from engagement (3) Additional for AGI deduction (4) Adjusted gross income (6) Deduction for QBI Taxable income Engagement 1 Engagement 2
6. Wilson Rooeboker brokers sales agreements for a major home builders chain. He is paid a straight commission of 1.5% of the contract plus an annual bonus of 2.5% of total contracts over $1,500,000per year. What is lus total pay for a year in which he had total contracts for $2,555,500?
Odysseus buys an Odyssey for $45,000.00. He pays $5000.00 down and the remainder in equal monthly payments over 5 years at 8% c.m. a. Calculate the amount of the monthly payment. b. Calculate the total interest charges. c. Determine the balance owing just after the 36th payment. Show the Merchant's Rule. d. Determine the total principal paid during the third year.
When Dan signed a three-year contract as a manager, the company allowed reimbursement of $420 at the end of every month for his car expenses. At the time the contract was signed, money was worth 9.61% compounded monthly (a) What value did the expense reimbursement provision have when the contract was signed? (b) What is the outstanding value of the reimbursement after the 10th payment? (a) The value was $ (Round to the nearest cent as needed Round all intermediate values to six decimal places as needed.) (b) The outstanding value is S (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Jenny receives an annual salary of $51,000 plus a 10 percent commission on all sales during the year in excess of $200,000. Her sales for the year total $420,000. What do her total earnings amount to ?
David earned 10 percent on the $200,000 he invested in a special account at his credit union. Interest was paid semi-annually. His effective rate of interest was: Select one: a. 10.55% b. 10.25% c. 10.56% d. 15.75%

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