Business and Finance Homework

Need finance homework help? Ask an Expert

Connect one-on-one with {0} who will answer your question

immy Sexton wants to save...

immy Sexton wants to save $ 5,000 in 2 years to buy a new bass boat. How much must he invest today at 6 % compounded monthly in order to have $ 5,000 in 2 years?

Answer: Incorrect

Question 2

Not answered

Marked out of 1.00

Flag question

Question text

Carla Fertz decides to set up a sinking fund for the purpose of accumulating enough money for a new $ 55,000 German import automobile that she hopes to buy in 4 years. What quarterly payment must she invest in a fund that earns 8 % compounded quarterly to arrive at her goal?

Answer: Incorrect

Question 3

Not answered

Marked out of 1.00

Flag question

Question text

The assessed value of a house is $ 175,000. The local property tax rate is $ 3.81 per $ 100 of assessed value. How much tax will be due on the house?

Answer: Incorrect

Question 4

Not answered

Marked out of 1.00

Flag question

Question text

Mrs. Jones invested $ 680 at the end of each semiannual period in an annuity with interest rate of 10 %. What is the amount of the ordinary annuity after 10 years?

Answer: Incorrect

Question 5

Not answered

Marked out of 1.00

Flag question

Question text

Calculate the tax on a home with an assessed value of $ 270,000 and a tax rate of 22.3 mills.

Answer: Incorrect

Question 6

Not answered

Marked out of 1.00

Flag question

Question text

Lots of Plots wanted to sell a house for $ 135,000. If the mortgage rate is for 20 years at 9 % , what would be the total interest paid?

Answer: Incorrect

Question 7

Not answered

Marked out of 1.00

Flag question

Question text

Gib Ewell will need $ 4,600 to expand his health food store in five years. How much must he invest today at 12 % compounded quarterly in order to have $ 4,600 in five years?

Answer: Incorrect

Question 8

Not answered

Marked out of 1.00

Flag question

Question text

Find the maturity value on a 20-day loan for $ 650 at 5 % interest compounded daily?

Answer: Incorrect

Question 9

Not answered

Marked out of 1.00

Flag question

Question text

What is the effective interest rate of an investment at 6% compounded daily? {Round percents to the nearest thousandth.}

Answer: Incorrect

Question 10

Not answered

Marked out of 1.00

Flag question

Question text

Job invested $ 150 at the beginning of each quarter in an annuity with interest rate of 4 %. What is the amount of the annuity due after 3 years?

Answer: Incorrect

Question 11

Not answered

Marked out of 1.00

Flag question

Question text

Petal Pushers wants to install a new floral refrigeration unit in three years so it has invested at 12 % compounded quarterly. What is the effective rate on this investment? {Round percent to the nearest thousandth.}

Answer: Incorrect

Question 12

Not answered

Marked out of 1.00

Flag question

Question text

The town of Dover had to pay off bonds worth $ 36,000 in 5 years. The interest rate was 8 % compounded semiannually. What are the required semiannual payments into a sinking fund?

Answer: Incorrect

Question 13

Not answered

Marked out of 1.00

Flag question

Question text

The current market rate is 8 1/4 % and the maximum federal rate is 7 3/4 %. The Hatfields are negotiating an FHA-insured mortgage for $ 85,000. What is the discount amount?

Answer: Incorrect

Question 14

Not answered

Marked out of 1.00

Flag question

Question text

What is the maturity value on $ 5,200 for 7 years at 6 % interest compounded semiannually?

Answer: Incorrect

Question 15

Not answered

Marked out of 1.00

Flag question

Question text

The Byers are considering buying a house for $ 95,000. The mortgage will be at 9 % for 30 years. Give the principal balance at the end of the first three payments by generating an amortization schedule.

Answer: Incorrect

Answer: Incorrect

Question 2

Not answered

Marked out of 1.00

Flag question

Question text

Carla Fertz decides to set up a sinking fund for the purpose of accumulating enough money for a new $ 55,000 German import automobile that she hopes to buy in 4 years. What quarterly payment must she invest in a fund that earns 8 % compounded quarterly to arrive at her goal?

Answer: Incorrect

Question 3

Not answered

Marked out of 1.00

Flag question

Question text

The assessed value of a house is $ 175,000. The local property tax rate is $ 3.81 per $ 100 of assessed value. How much tax will be due on the house?

Answer: Incorrect

Question 4

Not answered

Marked out of 1.00

Flag question

Question text

Mrs. Jones invested $ 680 at the end of each semiannual period in an annuity with interest rate of 10 %. What is the amount of the ordinary annuity after 10 years?

Answer: Incorrect

Question 5

Not answered

Marked out of 1.00

Flag question

Question text

Calculate the tax on a home with an assessed value of $ 270,000 and a tax rate of 22.3 mills.

Answer: Incorrect

Question 6

Not answered

Marked out of 1.00

Flag question

Question text

Lots of Plots wanted to sell a house for $ 135,000. If the mortgage rate is for 20 years at 9 % , what would be the total interest paid?

Answer: Incorrect

Question 7

Not answered

Marked out of 1.00

Flag question

Question text

Gib Ewell will need $ 4,600 to expand his health food store in five years. How much must he invest today at 12 % compounded quarterly in order to have $ 4,600 in five years?

Answer: Incorrect

Question 8

Not answered

Marked out of 1.00

Flag question

Question text

Find the maturity value on a 20-day loan for $ 650 at 5 % interest compounded daily?

Answer: Incorrect

Question 9

Not answered

Marked out of 1.00

Flag question

Question text

What is the effective interest rate of an investment at 6% compounded daily? {Round percents to the nearest thousandth.}

Answer: Incorrect

Question 10

Not answered

Marked out of 1.00

Flag question

Question text

Job invested $ 150 at the beginning of each quarter in an annuity with interest rate of 4 %. What is the amount of the annuity due after 3 years?

Answer: Incorrect

Question 11

Not answered

Marked out of 1.00

Flag question

Question text

Petal Pushers wants to install a new floral refrigeration unit in three years so it has invested at 12 % compounded quarterly. What is the effective rate on this investment? {Round percent to the nearest thousandth.}

Answer: Incorrect

Question 12

Not answered

Marked out of 1.00

Flag question

Question text

The town of Dover had to pay off bonds worth $ 36,000 in 5 years. The interest rate was 8 % compounded semiannually. What are the required semiannual payments into a sinking fund?

Answer: Incorrect

Question 13

Not answered

Marked out of 1.00

Flag question

Question text

The current market rate is 8 1/4 % and the maximum federal rate is 7 3/4 %. The Hatfields are negotiating an FHA-insured mortgage for $ 85,000. What is the discount amount?

Answer: Incorrect

Question 14

Not answered

Marked out of 1.00

Flag question

Question text

What is the maturity value on $ 5,200 for 7 years at 6 % interest compounded semiannually?

Answer: Incorrect

Question 15

Not answered

Marked out of 1.00

Flag question

Question text

The Byers are considering buying a house for $ 95,000. The mortgage will be at 9 % for 30 years. Give the principal balance at the end of the first three payments by generating an amortization schedule.

Answer: Incorrect

Show More

Show Less

Was this answer helpful?

Describe your issueThe assistant will guide you

Chat 1:1 with a business tutorLicensed Experts are available 24/7

100% satisfaction guaranteeGet all the answers you need

Related Business and Finance Homework Questions

I need help with financial math. Financial math. I am

i am currently doing an exam from home its due at 3:30 3 questions… read more

Directions: - Read and sign the academic honesty certification

Directions: - Read and sign the academic honesty certification statement below, then read the questions carefully and answer them to the best of your ability. You may write your answers on this sheet … read more

1. Using the formula for simple interest and the given values,

1. Using the formula for simple interest and the given values, find I. P=$200; r=6%; t=4 years; I=? I=$__ 2. Using the formula for simple interest, I=Prt, to find the indicated quantity. I=$36; r=6%; … read more

Tip 15.00 I need assistance with the following 3 questions. 1.

Tip 15.00 I need assistance with the following 3 questions. 1. Find the future value of an ordinary annuity of $8,500 paid semiannually for nine years at 6% annual interest compounded semiannually. Ho… read more

Will tip 15.00 Need some help with the following 3 questions. 1.

Will tip 15.00 Need some help with the following 3 questions. 1. Find the future value and compound interest on $4,000 at 8% compounded semiannually for six years. Use the Future Value for Compound Am… read more

Which of the following statements is most correct? (Points

Which of the following statements is most correct? (Points : 1) If annual compounding is used, the effective annual rate equals the simple rate. If annual compounding is used, the effective annual rat… read more

5.00 Tip Good evening everyone. Can someone answer the following

5.00 Tip Good evening everyone. Can someone answer the following 4 Math Questions? 1. Mike's Sport Shop deposits $4,600 at the end of each year for 9 years at 6% annual interest. a. How much will this… read more

Can someone help me with my finance questions that is due today? 1.

Can someone help me with my finance questions that is due today? 1. Future Value. What is the future value of a. $773 invested for 14 years at 11 percent compounded annually? b. $210 invested for 7 ye… read more

1. Which of the following statements is most correct

1. Which of the following statements is most correct? a. If annual compounding is used, the effective annual rate equals the simple rate. b. If annual compounding is used, the effective annual rate eq… read more

Unit 7 Annuities Instructor Graded Project You must show

Unit 7: Annuities – Instructor Graded Project You must show your work on all problems. You may type your answer right into this document. Total points for project: 45 points. Projects must be submitte… read more

1. You received $30,000 from your grandparents. You want to

1. You received $30,000 from your grandparents. You want to investment it to fund your mortgage down-payment in four years. You want to buy a house that is at least $200,000 but no more than $300,000.… read more

Julie has just completed the rigorous process of becoming a

Julie has just completed the rigorous process of becoming a Certified Financial Planner (CFP). She is looking forward to working with individuals on saving for retirement. She would like to show her c… read more

A) Dubois Inc. has $600,000 to invest. The company is trying

4 Time Value of Money Questions... A) Dubois Inc. has $600,000 to invest. The company is trying to decide between two alternative uses of the funds. One alternative provides $80,000 at the end of each… read more

1)Which do you prefer a bank account that pays 9.0% per year

1)Which do you prefer a bank account that pays 9.0% per year (EAR) for three years or a)an account that pays 3.5% every six months for three years? b) an account that pays 8.0% every 18 months for thr… read more

16. Find the future value of an ordinary annuity of $6000

16. Find the future value of an ordinary annuity of $6000 paid semiannually for 9 years at 6% annual interest compounded semi annually. How much was invested? How much interest was earned? 17. You inv… read more

1.Mikes Sport Shop deposits $3,600 at the end of each year

1.Mike's Sport Shop deposits $3,600 at the end of each year for 12 years at 7% annual interest. a. How much will this ordinary annuity be worth at the end of the 12 years? ......Answer:........ b.How … read more

1. The primary form used in a checking account is a check register.

1. The primary form used in a checking account is a check register. (Points: 2) True False 2. The person who signs a check on the back is the maker (Points: 2) True False 3. When completing a check st… read more

A recent advertisement in the financial section of a magazine

A recent advertisement in the financial section of a magazine carried the following claim: Invest your money with us at 14 percent, compounded annually, and we guarantee to double your money sooner th… read more

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.

JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.

Web sites like justanswer.com/legal

...leave nothing to chance.

...leave nothing to chance.

Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.

Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.

I will tell you that...the things you have to go through to be an Expert are quite rigorous.

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

Los Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

Hesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

Kernersville, NC

Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around.

Woodstock, NY

Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know.

Elkton, Maryland

He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.

Dallas, TX

< Previous | Next >

linda_us

Master's Degree

7,291 satisfied customers

A tutor for Business, Finance, Accounts and other related topics.

F. Naz

Bachelor's Degree

612 satisfied customers

Have completed B.COM and CA Finalist

397 satisfied customers

dasdasd

Bizhelp

Accountant

260 satisfied customers

BA degree and Certified Public Accountant

Mr. Gregory White

Master's Degree

215 satisfied customers

M.A., M.S. Education / Educational Administration

Brittany

Professional

30 satisfied customers

AA/Accounting BS/Business

SusanAthena

Master's Degree

13 satisfied customers

12 years experience consulting & management

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.