A Chief Executive Officer of an investment firm receives a gross salary of $775,000 per annum. a. What is his periodic gross payments if he is paid monthly? Round to the nearest cent b. What is his periodic gross payments if he is paid bi-weekly? Round to the nearest cent

Q: 4 a) If a house is sold for $790,000 plus GST what is the actual sale price? Iman b) If a house is…

A: 4) Given information: Open market price=$790,000 Rate of GST=12%

Q: Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using…

A: Given Amount financed =$100000 Number of payment=72 Monthly payment=$2015.50

Q: You want to buy a 9 year bond with a maturity value of $6,000, and you wish to get a return of 5.5%…

A:

Q: The cost of a home is financed with a $130,000, 15- year fixed-rate mortgage at 9.5%. The monthly…

A: The solution is given below

Q: A store manager obtained a loan of $35,000, at  6 3 8%  interest, for 14 months to purchase…

A:

Q: Hungen Inc. borrowed $100,000.00 from a financial company with an ordinary simple interest rate of…

A: Here money is borrowed from tbe financial company for simple interest rate . So here we can apply…

Q: Ask someone borrowing from a five-six ( Bumbay ) money lender. How much will be charged if you want…

A: Simple interest:              SI = PRT100 where P = principle            R= rate of interest…

Q: Rudy needs temporary property insurance to cover his home for a period of 6 months. Based ori Table…

A: Introduction: The given table shows the percentages of the annual premium retained by the insurance…

Q: Calculate the monthly payment. b. Determine the total amount paid over the term of the loan.

A:

Q: Jeffery Wei received a 6-year non-subsidized student loan of $31,000 at an annual interest rate of…

A:

Q: Consider a 30-year fixed-rate home loan of $411,500 with an interest rate of 4.375%. What is the…

A:

Q: A credit card account had a balance of $952 on May 5. A purchase of $284 was made on May 17, and a…

A: the average daily balance can be find in the following way:-

Q: If you buy a computer directly from the manufacturer for $2,436 and agree to repay it in 48 equal…

A:

Q: Find the amount (in dollars) indicated. (Round your answer to the nearest cent.) the monthly…

A: Given t=5 yearsr=4.75%PV= $40,000 Explanation let us consider an annuity that earns interest at an…

Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a…

A:

Q: Jeffery Wei received a 7-year non-subsidized student loan of $33,000 at an annual interest rate of…

A:

Q: Ann and Tom want to establish a fund for their Grandson's education. What lump sum must they deposit…

A:

Q: or the car loan described, give the following information. A newspaper advertisement offers a…

A: Let's say a person has taken a certain amount of loan and wants to repay it in equal installments.…

Q: Find the interest. Round to the nearest cent. $1180 at 7.6% for 14 months

A: It is given that, $1180 at 7.6% for 14 months.

Q: Suppose you take out a 36-month installment loan to finance a delivery van for $26,100. The payments…

A: Consider the provided question, Borrowers who have taken installment loans sometimes wish to prepay…

Q: 1. A company can lease a set of 50 iPads for $650/month, with an up-front payment of $1000. What…

A: It is given that, a company lease a set of 50 ipads for $650/month.

Q: An investor deposits 3,500 into an account paying 8% compunded semiannually. Two years later she…

A: Here we find compound money upto 7 year.

Q: A credit card account had a $245 balance on March 5. A purchase of $118 was made on March 12, and a…

A:

Q: What is the monthly interest payment for an account with a balance of $200.00 and an A.P.R. of 12%?…

A: We have to find

Q: Find the amount (in dollars) indicated. (Round your answer to the nearest cent.) the monthly…

A:

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: Amount Financed = 14,000 Number of Payments = 36 Monthly Payment = 489.00  36 months is 3 years

Q: You borrow $3,053 from a friend and promise to pay back $3,999.43 in 5 years. What simple interest…

A:

Q: If you buy a computer directly from the manufacturer for $3,192 and agree to repay it in 36 equal…

A: Image is attached with detailed solution.

Q: A building contractor gives a $13,500 promissory note to a plumber who has loaned him $13,500. The…

A: Given: Principal amount=$13500, interest rate=5%=0.05, due time=9 months. 6 months after signing the…

Q: You want to buy a 5 year bond with a maturity value of $7,000, and you wish to get a return of 5.5%…

A:

Q: Given a final value M, related to an investment of 4 years and 9 months, if the present value is…

A: Question: Given final value M, related to an investment of 4 years and 9 months. If the present…

Q: Laura received a job offer at a large mining company which will pay her a gross salary of $44,600…

A: topic - average values over different periods

Q: How much would Juanita's monthly premium be for a 10-year term insurance policy with a face value of…

A: Juanita's age = 24 years Juanita is a female. Premium required for face value $280,000

Q: You can get a car loan with a term of three years at an APR of 5%. If you can afford a monthly…

A:

Q: White Mountain Supply Company purchases warehouse shelving for $18,300. Shipping charges were $370,…

A: Here we find the depreciation on cost.

Q: Ellen has maxed out her credit card at Si1,500 and vows not to make any other credit card purchases.…

A: Given: Principal= $11500 Minimum monthly payment = 1.9% of interest per month + 2% of Principal…

Q: Russell receives a bi-weekly pay of $2,060. He has 36 regular hours work weeks and he gets paid…

A:

Q: 8. According to the Housing Recommendations from the book, if a family has a gross annual income of…

A:

Q: Find the mortgage payment for a 15-year loan of $223,300 at an annual interest rate of 8.25%. (Round…

A: n =12  t =15 A = $223300  r =8.25%.

Q: You want to buy a 5 year bond with a maturity value of $8,000, and you wish to get a return of 5.5%…

A:

Q: A charge account had a balance of $978 on May 5. A purchase of $274 was made on May 17, and a…

A:

Q: Given below is the principal owed on a student loan last month, the annual interest rete, and the…

A: Given information Principal P=$28,700 Annual interest rate r=12% ⇒r=12100=0.12 And month for…

Q: (a) Compared to the 10-year loan, each payment of the 5-year loan will be $ greater. (Round the…

A: We are given that $ 50,000 is borrowed at an annual interest of 6%  and that there are 4 interest…

Q: Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using…

A: the amount financed is 18,200 number of payments are 72 and monthly payment is 424.08

Q: to the nearest cent.) $550 is deposited monthly for 14 years at 3% per year

A:

Q: A retailer purchases some merchandise with an invoice price of $19,500 and terms of sale of 5/15,…

A: Given that a retailer purchases some merchandise with an invoice price of $19,500 and the terms of…

Q: eased equipment worth $70,000 for 5 years. If the lease rate is 5.75% unded quarterly, calculate the…

A: Please refer to the image below

Q: Suppose you have a student loan of $25,000 with an APR of 12% for 40 years. Complete parts (a)…

A: a Given information Loan amount P=$25,000 Rate of interest r=12% ⇒r=12100×12=0.01 Time t=40 years We…

Q: charge account had a balance of $945 on May 5. A purchase of $275 was made on May 17, and a payment…

A: I = Prt

Q: The board of directors of a human resources outsourcing company has declared a dividend of…

A: Given : Total divident = $4000000Number of preferred stock holders = 800000Divident per share for…