American School Business Math Exam 2 Business Math Exam 2 Student Number Student Name table on...
On your student loans, if possible, try to make interest-only payments while you are still in school. If interest is not repaid, it folds into principal after graduation and can cost you hundreds (or thousands) of extra dollars in finance charges. For example, Sara borrowed $5000 at the beginning of her freshman year and another $4,000 at the beginning of her junior year. The interest rate (APR) is 9% per year, compounded monthly, so Sara's interest accumulates at 0.75% per...
1. Complete the following table. Number of Annual Payments or Years Present Value Interest Rate Future Value Annuity 10 $250.00 12% 20 S1,000 25 S500,000 30 S1,000,000 2. You just started working and you planned to save $5,000 every year in your retirement account. How much money will you have in your retirement account once you retire in 40 years? Your retirement account pays 4% interest rate per year. 3. You just retired with S1,000,000 savings. You'd like to receive...
avakis FN 305-Foundations of Finandal Management Soring 2019- Final Exam Student: Directions: Complete all answers on separate paper. Use pencil for all problems. Show the formula first and can check your answer with the financial calculator, but do not just write down a number you got from your calculator. The problems count 23 points each and the discusslon question counts 39 points for a total of 200 points. Use a pen to write the discussion question. (Assume 365 days per...
1. Develop a monthly cash budget for Bluffton Pharmacy for the upcoming year. 2. If you were Bluffton Pharmacy's banker, would you be comfortable extending a line of credit to the pharmacy? dors grant "net 30" ays for the goods month. Crawford the upcoming year November and The interest rate e repaid the follow- Case 7 Bluffton Pharmacy, Part 2 of goods sold is 77.4 percent, and vendors grant How should the owners of a small credit terms, which means...