Caitlin, Tiffany, and Nicholas invested a total of $540,000 in the ratio of 8 : 6 : 4 to start a business. Two months later, each of them invested an additional $50,000 into the business. Calculate their new investment ratio after the additional investment.

In four years of employment, John was able to save P250,000 after he had invested on purchasing a motorcycle and a life insurance. He is now considering the different investment opportunities to start accumulating wealth. In 10 years from now, John expects to start spending for his child’s education, what type of financial instrument should he invest and why?

Kristen invested the profit of her business in an investment fund that was earning 3.25% compounded monthly. In 5 years, she began withdrawing $4,500 from this fund at the end of every 6 months. If the money in the fund lasted for the next 4 years, how much money did she initially invest in the fund? Please include a well-labelled timeline diagram. Full solutions should be shown on separate sheets of paper. Submit solutions. $ Round to the nearest cent your

At the end of her first year of university, Sandra Robinson decided that she should start a business to help finance her education, so she set up her own courier service. She invested savings of $2,100 in the company, which she called Oriole Ltd. In addition, her parents lent the company $3,800 to help it get started. Since this was a business venture, Sandra insisted on paying interest on this loan, and her parents agreed to charge a rate of 6% per year. Sandra then negotiated the purchase of a used car for the business for $8,500. The company made a down payment of $2,300 on the car and financed the remainder ofthe purchase price at an interest rate of 9% per year. Due to all ofthe kilometres that would be put on the car while it was used in the courier business, Sandra estimated that the car could be sold at the end ofthe summer for $7,000. Oriole began operations on May 1 and continued until August 31.Although Sandra did not keep any formal accounting records, at the end ofthe…

Review the following scenario. Use the information provided to answer questions about the taxpayers’ 2020 return.Chris (45) and Allison (46) Castillo are married, and they will file a joint return. During the year, they earned $82,500 in wages. They also had investment income consisting of: $200 interest income from a savings account with their local bank, reported on Form 1099-INT. $350 interest income from a certificate of deposit held with another local bank, reported on Form 1099-INT. $250 interest income from a U.S. Treasury note, reported on Form 1099-INT. $500 tax-exempt interest income from a municipal bond investment, reported on Form 1099-INT. $1,700 in ordinary dividends from a mutual fund investment, reported on Form 1099-DIV. They had no other income.   Question 1 What amount will Chris and Allison report for taxable interest on their Form 1040? The couple's partially completed Form 1040, page 1, is shown below. You may use the form to assist you in answering this…

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John and Jane are both 40 years old. When they retire in 25 years, they hope to have a retirement income of about $60,000 per year and estimate 20 years in retirement. Given that, Inflation at 3% per annum Investment returns at 7% per annum (a) Compute the lump sum that Terrence and Mary would require at the start of their retirement.

Laura's parents invested $13,000.00 in a 14-year certificate for her that pays 6% compounded annual. How much is the certificate worth on Laura's 16 birthday if she started the account when she was 2 years old?

Jerry invested $10,000 in two mutual funds. Fund A earned 6% profit during the first year, and Fund B earned 2% profit.  If he received a total of $474 profit, how much had he invested in each mutual fund?   second question  Your yard is a mess, and you decide to hire a landscaper.  The Greenhouse charges a $80 consultation fee plus $14 per hour for the actual work. Determine the number of hours of yard work for the cost of hiring the Greenhouse to equal the cost of hiring Garden Pros.   question 3   At a concession stand, five hotdogs and five sodas cost $30. Two hot dogs and four sofas cost $15. Determine the price of each hot dog and each soda.

James and Mary Garfield invested $5,000 in a savings account paying 4% annual interest when their daughter, Patricia, was born. They also deposited $1,000 on each of her birthdays until she was 14 (including her 14th birthday). Click here to view the factor table. How much was in the savings account on her 14th birthday (after the last deposit)? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.) Amount on 14th birthday $