Many retirement funds charge an administrative fee equal to​ 0.25% on managed assets. Suppose that Alexx and Spenser each invest ​$7 comma 000 in the same stock this year. Alexx invests directly and earns 7​% a year. Spenser uses a retirement fund and earns 6.75​% Part 2 If Alexx and Spenser leave their investments in place for 30​ years, with annual compounding of the​ interest, how much more will Alexx have than Spenser at the end of the​ 30-year period? Part 3 Alexx will have ​$    enter your response here ore than Spenser after 30 years. ​(Enter your response rounded to two decimal​ places.). Answer detailed in step by step method and don't use AI I will downvote

Kevin invested part of his $5000 bonus in a certificate of deposit (CD) that paid 2% annual simple interest, and the remainder in a mutual fund that paid 4% annual simple interest.  If his total interest for that year was $140.00, how much did Kevin invest in the mutual fund? Group of answer choices Kevin invested $4986.00 in the mutal fund. Kevin invested $4846.00 in the mutal fund. Kevin invested $2000.00 in the mutal fund. Kevin invested $2140.00 in the mutal fund.

Solve the following problem sets in Simple Interest. Follow GFSAL formatting in your solution. (Non-anonymous question (Ⓒ)) *

Please use a Timeline, a physical one

Please solve part E Only

Many retirement funds charge an administrative fee equal to 0.25% on managed assets. Suppose that Alexx and Spenser each invest $4,000 in the same stock this year. Alexx invests directly and earns 4% a year. Spenser uses a retirement fund and eams 3.75%. If Alexx and Spenser leave their investments in place for 30 years, with annual compounding of the interest, how much more will Alexx have than Spenser at the end of the 30-year period? Alexx will have more than Spenser after 30 years. (Enter your response rounded to two decimal places.)

If you deposit $4,800 at the end of each of the next 15 years into an account paying 11.3 percent interest, how much money will you have in the account in 15 years? How much will you have if you make deposits for 30 years?

4. Jenna has just entered collage and has decided to quit smoking. She wants to regain her health and save money in the process. She smokes two packs a day, which translates into roughly $30 per week. Suppose she makes weekly deposits of this money into a bank account that pays annual interest of 10%, compounded continuously. What will be balance of Jenna's account when she retires in 47 years? (Hint: If an initial amount of S. dollars is deposited in a bank that pays an annual interest of r, compounded continuously, then the future value, s(t), of the account satisfy the initial-value problem ds/dt=rs, S(0)-S,. Moreover, if deposits amounting to d dollars per year (made uniformly throughout the year) are made into the above account, then the future value of this new account, called an annuity, will satisfy dS/dt=rs+d, S(0)=S..

Calculate the current yield on a bond that has an annual interest payment of $200 and a resale price of $1,550

Mr. Jones is scheduled to retire on his 65th birthday. He was born January 1, 1946 and was hired by his present employer on January 1, 2001, with a starting salary of $50,000 per year. His employer makes contributions to a pension fund on the first day of January, April, July and October until he retires. Each contribution is 1% of his annual salary. The pension fund earns a nominal annual rate of interest of 8% compounded quarterly. Smith's salary is scheduled to increase by 8% every January 1 starting in 2002. The final employer contribution is on October 1, 2010. Find the value of Smith's pension fund on his 65th birthday.