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Two students were talking at lunch and one indicated that there is a
120%
Chance of rain tomorrow. Is this a valid probability?
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- Today, you turn 21. Your birthday wish is that you will be a millionaire by your 40th birthday. In an attempt to reach this goal, you decide to save $20 a day, every day until you turn 40. You open an investment account and deposit your first $20 today. What rate of return must you earn to achieve your goal?Rob has just received a check for $31.000. This is a return from an investment that he made 19 years ago. He was told that the return was the equivalent of 11% per year. How much was his original investment? $3,901.19. $4,055.52. O $4,268.01. O $4,006.25. Question 4 Jason received a check for $50,000 today. This was from an investment made 10 years ago. The investment earned 10% compounded quarterly. How much was his original investment? $18,621.53. O $13,795.06. O $10,101.90. C$24,900.97. Question 5 Tony saved enough money to place $125,500 in an investment generating 9.5% compounded monthly. He wants to collect a monthly income of $1,350, at the beginning of each month, for as long as the money lasts. How many months will Tony have this income coming to him? O 161 166 170You are planning on having your first child next month and your parents have told you that they are going to open an account with $3,000 on the day your child is born. The money is to be used for college. You plan to also put $1,500 of your own money into the same account on the day your child is born, and then another $1,500 into the account each year on your child's birthday, through his/her 18th birthday. If the account averages an 8% annual return, what will the account balance be on your child's 18th birthday? Please use appropriate excel formula and show how you arrived at your answer.
- You open an account where you deposit $500 today. Further, you deposit $800 at the beginning of next year, withdraw $250 at the beginning of year two and deposit $450 at the beginning of year 3. The return for year 1 is 6%, for year 2 it is -8%, for year 3 it is 4.5% and for year 4 it is -2%. What is your dollar-weighted or money-weighted return (in percent) for the four-year period? Answer to two decimals. O -1.45 -6.95 -11.92Studies concluded that college graduation is a very good investment. Suppose a college graduate makes 75 percent more money per hour than a graduate from high school. If a High School graduate's lifetime earnings average $1,200,000, what is the expected value of college graduation?please step by step solution.
- Bozo the clown decides to start saving money. So, every month he deposits $200 into an account which pays 4% monthly. If Bozo’s first deposit is on October 1, 2023, then how much is in the account immediately after his deposit on November 1, 2031?Am. 111.You plan to start your own business and are investing today to grow some seed money. You have $10625.4 to invest and aim to have $21621. You plan on investing in a green energy ETF that you think will have a return of 11.2%. How long until you reach your goal? Round to 2 decimal places. Include a dollar sign ($) or percent (%) as appropriate. Answer:
- James Smith is a financial adviser at a reputable financial institution in Jamaica. He was the keynote speaker on financial management at a recent conference and was asked questions on the time value of money. James is asking you to provide the answers to the following questions asked by the attendees at the conference. Sandra is currently saving $1,250 each month at 12% per annum. How much money will be in her account at the end of 5 years? 2. How much money should Anny invest today, so that she will have $10,500 in her bank account in four years’ time, assuming that the interest rate is 5% compounded annually? 3. A typical credit card agreement quotes an interest rate of 15% per annum. Monthly payments are required. Calculate the actual interest rate that will be paid on such a credit card (i.e. EAR)?An educational researcher decided to predict the college GPA of entering students based on their high school GPA and the number of books they have read in the past year. Interpret the residual for a student with a College GPA equal to 3.00, a high school (HS) GPA equal to 2.87 and who has read 16 books in the past year. College GPA = 1.07 + 0.178(HS) GPA+1.05 books a) The student performed better than expected. b) The student performed exactly as expected. c) The student performed worse than expected. d) Cannot be determined from the given information.Bellevie college cost $7612.00 a year, the graduation rate is 25%, salary after attending is $42,400. Edmonds college cost $7,207.00 a year, the graduation rate is 27%, salary after attending is $34,300. What is the explanatory? What is the response