Given the following information, calculate the savings ratio: (Round your answer to 2 decimal places.)Liabilities = $32,500Liquid assets = $6,500Monthly credit payments = $1,200Monthly savings = $600Net worth = $84,500Current liabilities = $2,400Take-home pay = $3,100Gross income = $5,900Monthly expenses = $3,640Multiple Choice10.17%38.71%38.46%О1.79%2.71%

Step 1: The calculation of the savings ratio percentage Savings ratio = (Monthly savings / Gross…

Answered: Given the following information,…

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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The interest accrued on $7,500 at 6% for 90 days is: (Use 360 days a year.) Multiple Choice O $1,800.00. $450.00. $11.25. $37.50 $112.50. 4
Based on the following data, calculate the items requested: Rental Costs Buying Costs Annual rent $ 7,530 Annual mortgage payments $ 10,100 (9,650 is interest) Insurance $ 160 Property taxes $ 1,840 Security deposit $ 725 Down payment/closing costs $ 4,800 Growth in equity $ 450 Insurance/maintenance $ 1,200 Estimated annual appreciation $ 1,850 Assume an after-tax savings interest rate of 5 percent and a tax rate of 26 percent. Assume this individual has other tax deductions that exceed the standard deduction amount. a. Calculate total rental cost and total buying cost. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) b. Would you recommend buying or renting? multiple choice Renting Buying
Which of the following would represent a correct calculation of interest earned on a six month, $100 investment? O $100 principal x 10% rate x 6/12 = $5 interest O $100 principal x (10% rate / 2) x 6/12 = $2.50 interest O $100 principal x 10% rate x 6 = $60 interest O $100 principal x 10% rate x 2 times per year = $20 interest
Sophia invests $8,059 in a savings account that offers an annual percentage rate (APR) of 6.5%. Unlike typical savings accounts, this account compounds interest continuously. What is the effectiv annual rate (EAR)? O 6.50% 6.72% O 6.61% 106.72% 6.66%
which of the following banks would you choose for a savings account based on the following rates offered? 1. 6% APR compounded annually 2. 5% APR compounded annually 3. 5% APR compounded semi-annually 4. 4% APR compounded weekly 5. 6% APR compounded quarterly.
Compute the annual dollar changes and percent changes for each of the following accounts. Current Yr Prior Yr Short-term investments . $374,634 $234,000 Accounts receivable 97,364 101,000 Notes payable 0 88,000
Suppose Eli deposits $1,000 into a savings account. The savings account earns4.2% compounded monthly. Find the APY for the account. Round the percent to two decimals.
The interest accrued on $7,500 at 6% for 90 days is: (Use 360 days a year.) Multiple Choice $450.00. $37.50. $112.50. $11.25. $1,800.00.
Solve for the missing item in the following. Principal is $530 interest rate is 6% simple interest is $159. What is the time ( how many years)
General Instruction: Use Yellow paper for your computation and answer. Task 1. Compute the interest of the following: 1. P25,000 at 6% simple interest for 1 year. 2. P30,000 at 9.5% simple interest for 90 days. 3. P60,000 at 12.5% simple interest for 2 years and 6 months.
First American Bank charges 10.8 percent compounded monthly on its business loans. First Fifth Bank charges 11 percent compounded semiannually. Calculate the EAR for each bank. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) f3 First National Bank First United Bank % % As a potential borrower, which bank would you go to for a new loan? ** f4 f5 f6 Search ムー 17 4+ First National Bank hp f8 fg f10 144 DII DDI f11
I f Topic 2: Linear Equations AT 9. A passbook savings account has a rate of 6%, Find the effective annual yie if the interest is compounded daily. Assume 360 days in a year. (Round to the nearest tenth of a percent, if necessary. For example, 20.5%) n 0.06 360 =C1+9 - C 1 36C -(t0.0a1 666) 360-1 . oo01 6666 360-1 3-1 360 1 1, o0ul 10

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