An individual wants to deposit $112,100 into two investment accounts. One account pays 66% annual return, and the other pays 1515%. How should this individual divide the total amount, if he wants to have an annual return of $11,703?
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An individual wants to deposit $112,100 into two investment accounts. One account pays 66% annual return, and the other pays 1515%. How should this individual divide the total amount, if he wants to have an annual return of $11,703?
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- . Suppose someone his earned income per year is $7000, and the income guarantee, IG, is $5000. And assume that the tN, the rate at which the transfer is received by him is 50%. Then the disposable income of the recipient in relation to earned income is:Chris wants to have an income of $8200 per year from investments. To that end he is goingto invest $90,000 in three different accounts. These accounts pay 6%, 10%, and 12% simpleinterest. If he wants to invest the same amount in the account paying 6% simple interest ashe has in the account paying 12% simple interest, how much should go into each account?you want to establish a perpetuity that pays $6500 per year. Your banker will establish such an account if you deposit $97000 in her institution. calculate the rate that she is paying on the deposit
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- You are given $50,000 to invest (not pay bills). How do you invest the money? Explain why this is a good investment(s) and how it would benefit one's financial goals.Suppose you have estimated that you will need $2,500 per month in your retirement to meet your expenses and live comfortably, and that you have found or chosen a fund (account) which pays monthly interest 4% APR . What principal, or balance, will your account need to maintain in order to be able to pay you this amount each month? Round/take your answer to the nearest cent.Consider two savings plans: Kelly deposits $415 per month in an account with an APR of 4.2% for 15 years while Ryan deposits $520 at the end of each year in an account with an APR of 4.7%. Assume the number of compoundings is the same as number of payments. Which person deposited more money? Kelly or Ryan? What was the total deposit of each person? Which person's investment strategy earned more interest? What amount of interest did that person make?
- Suppose Ted deposits $10,000 in a savings plan earning 5% compounded annually and Tess deposits $10,000 in a savings plan earning 10% compounded annually. Both leave their money on deposit for 40 years. Because Tess’s rate is twice as great as Ted’s rate, is it true that Tess will earn twice as much interest? Explain why or why not. Then show calculations to prove your point of view. What is the future value for each investment?If you desire to have $15,000 for a down payment for a house in six years, what amount would you need to deposit today? Assume that your money will earn 2 percent. Use the appropriate factor(s) from the tables providedWhen you were born, your parents opened an investment account in your name and deposited $500 into the account. The account has earned an average annual rate of return of 4.8 percent. Today, the account is valued at $36,911.22. How old are you?