Jill invested her savings, a total of $28,000 in a virtual currency platform for Bitcoin, Eureka and Monero. She received 10 % profit from Bitcoin, a 6% profit from Eureka and 12 % profit from Monero. Her total profit was $2,840. If her total investments in Bitcoin and Eureka, equals her Monero investment, how much did she invest in each currency?

Jill invested her savings, a total of $28,000 in a virtual currency platform for Bitcoin, Eureka and Monero. She received 10 % profit from Bitcoin, a 6% profit from Eureka and 12 % profit from Monero. Her total profit was $2,840. If her total investments in Bitcoin and Eureka, equals her Monero investment, how much did she invest in each currency?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Dave invests $3,700 in a savings account at his local bank which gives 3.296 simple annual interest. He also invests $3,000 in an online savings account which gives 5.9% simple annual interest. After 15 years, which one will have earned more interest, and how much more interest will it have earned, to the nearest dollar? (Use I = Prt) The online account has $879 more than the local bank b. The online account has $179 more than the local bank C. The local bank has $776 more than the online account. d. The local bank: has $345 more than the ontine account.
Maria plans to take a scheme loan to expand her trading business. Based on her survey, she ended up with two plans which are Plan A and Plan B. She could get enough cash through Plan A that uses simple interest promissory note which offers RM25,000 for 180 days with a simple interest rate of 10% per annum. On the other side, Plan B also offers RM26,000 with a bank discount loan of 11% for 180 days. i. Compare the value of interest in Plan A with the bank discount amount in Plan B. ii. Calculate the amount received by Maria in each plan. iii. Compute the maturity value for each plan. iv. Identify which plan is better for Maria to take a loan. Justify your answer.
Jennifer has the transactions below, what is the combined impact on her net worth when considering all of the transactions? She purchases $5,000 worth of a mutual fund with cash from her savings account. She spends $6,000 on a two-week vacation to Italy using funds in her money market account. She purchases $10,000 worth of furniture for her house and uses her credit card to finance the purchase. A. $21,000 decrease in net worth B. $6,000 decrease in net worth C. $15,000 increase in net worth D. $6,000 increase in net worth
SITUATION 3: Vanessa wants to be a 'wise' money saver. She has 20,000 Php and is willing to put it in the bank. She found two banks that accepts saving based on a simple interest. One bank offers 15% simple interest and another offers 10% simple interest, and she invested in both banks. After a year, she withdraws all interest and capital and finds out she has 22,650 Php. 11. How much money did she put on the bank that has the 10% interest? b. 7000 A a. 6000 c. 8000 d. 3000 12. How much money did she put on the other bank? a. 17000 c. 14000 b. 12000 d. 13000 13. If she plans on getting a total of 30,000 Php, how much money shall she add to her original capital if the bank that charges 15% interest can only take a maximum of 20,000 Php investment? a, 7474.74 c. 6363.64 b. 9696.97 d. 8567.13
3. Sarah won $10,000 at a bingo game. She deposits her $9,500 winning into a money market fund so that she can use the money next year to pay her tuition. This is an example of money serving as a (an): unit of account. medium of exchange. store of value. investment good.
SITUATION 3: Alice wants to be a 'wise' money saver. She has P100,000 and is willing to put it in the bank. She found two banks that accept saving based on a simple interest. One bank offers 15% simple interest and another offers 10% simple interest, and she invested in both banks. After a year, she withdraws all interest and capital and finds out she has P112 000. of at 24. How much money did she put on the bank that has the 10% interest? b. P30,000 d. P70,000 a. P60,000 c. P80,000 41 25. How much money did she put on the other bank? ne b. P20,000 d. B40,000 a. P4,000 en c. $7,000 26.1f she got a total of P113 000 after a year with her original money, how much money was she able to put up on the bank that rewards 15% simple interest? 0o 00 c. P80,000 d. P70,000 a ttle
Margaret is planning to invest up to $22,000 in certificates of deposit at City Bank and People's Bank. She wants to invest at least $2000 but no more than $14000 at City Bank. The interest is 6% at City Bank and 7% at People's Bank. This is simple interest for one year. How much should she invest in each bank to maximize her income? What is the maximum income? y
Describe the differences between investment, savings, speculation and gambling and identify the categories of the following scenario. Scenario 1 Melissa deposits RM500 every month in her savings account so that she can use the money as a down payment for her new car in two years’ time. Scenario 2 Zack bought 100 lottery tickets at RM5.00 per ticket with the hope of winning the first prize plus a bonus of RM 2 million. Scenario 3 Emily bought 5,000 units of MWM shares at RM0.55 per share and she intends to sell it as soon as the price rises to RM0.62 per share. Scenario 4 David bought 1,000 units of ABC Bank shares at RM3.50 per share and plans to hold them for the long term because he thinks that ABC Bank would be able to pay ‘good’ dividends and the price of the shares would increase in the future.
Taylor invests part of her $2 000 savings into a savings account at 6% and part into a GIC at 8% simple interest. If she gets $150 in interest from the two investments, you want to calculate how much she invested at each rate. How much did Taylor invest into a GIC at 8% simple interest?
On her recent birthday, April 22, 2001, Nicole was given by her mother a certain sum of money as birthday present. She decided to invest the said amountof 20% exact simple interest. If the account will mature on Christmas day at an amount P10,000.00, how much did Nicole receive from her mother on her birthday? Draw the cash flow diagramwith your solution.
Array intends to allocate her savings into various types of financial investments. She has $110,900 to invest in stocks, bonds, and mutual funds according to her chosen ratio 2 13 9 : 15 11 1 respectively. How much should she invest in each type of investment? Round your answers to the nearest dollar. Stocks: $ Bonds: $ Mutual Funds: $
Mr. Ahmet, who won a prize of 1 million USD by participating in a quiz show, will provide a significant return if he uses it in repo, time deposit and bonds. However, careful decisions need to be made as to which area to invest. If the money is deposited in the bank, the bank pays interest once a month and pays 16% interest. Mr. Ahmet wants to buy 2 houses, one worth 900000 USD and the other 500000 USD, in the future, by investing this money in the bank. Accordingly, after how long is it possible for Ahmet Bey to buy these two houses with the money and income he earned? If you were Mr. Ahmet, how would you advise him to use this money?

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