You are working as a treasurer for a Toronto-based long-term healthcare company. Your company has $10,000,000 of excess cash and you notice that, on June 29, 2023 the Canadian overnight REPO rate average (CORRA) is 4.75%. If you consider depositing your company's excess cash ($10,000,000) for 14 consecutive days in this overnight rate, calculate the after-tax interest income assuming that the tax rate on interest income is 40%. Also, assume that there is no transaction cost

Suppose you are a manager for a certain company. You earn $50,000 per year and are in the 28% federal income tax bracket. Each year you contribute $5,500 tax free to your individual retirement account, IRA. The account earns 7% annual interest. In addition, the amount of tax that you save each year by making these "pre-tax" contributions is invested in a taxable aggressive growth mutual fund averaging 17%.   (a) How much tax do you save (in $) each year by making the retirement fund contributions?    (b) Using Table 12-1, much will the retirement fund be worth (in $) in 30 years? (Round your answer to the nearest cent.)   (c) Although the income from this investment is taxable each year, using Table 12-1, how much will the "tax savings" fund be worth (in $) in 30 years? (Round your answer to the nearest cent.)

You choose to invest your $3,435 income tax refund check (rather than spend it) in an account earning 6% compounded annually. How much will the account be worth in 30 years? (Use the Table provided.) (Round your answer to the nearest cent.) Worth

Please solve, show and explain steps. This is Engineering Economics.

Let's assume you finance your house through Wells-Fargo Bank. Below, please find the Truth-in-Lending Disclosure (TILD). Calculate Finance Charge, i.e., the dollar amount the credit will cost you at the end of the term. Amount Financed Annual Percentage Rate Term $350,000 5.0% 30 Years Taxes and Insurance per month (Escrow account set up by Wells-Fargo.) $430

suppose you are in a hurry to get your income refund. if you mail your tax return, you’ll receive your refund in 5 weeks. if you file the return electronically through a tax service, you can get the estimated refund tomorrow. the service subtracts 100 dollar fee and pays you the remaining expected refund of $1956. what is the apr? what is the ear? how large does the refund have to be for the apr to be 15%?

Lee wants to know how much he will have available to spend on his trip to Costa Rica in 2 years if he deposits $3,250 today in his Tax-Free Savings Account (TFSA) at an interest rate of 6% compounded quarterly? A $3,661.10 В $3,879.90 C $3,578.02 $4,210.90 E $3,483.32

If you have ATM fees each month of $8 for 4 years, what is the total cost of those banking fees?

please explain correctly and in detail.Not use of excel. Q)A bank offers a Loyal Saver account to the customers who deposit between £3000 and £4000 at the start of every year for at least 10 years. The account will pay 7% pa (compounded) tax free, i.e., the customers will not have to pay any income tax on the interest earned. Amy opens a Loyal Saver account for 13 years and is going to make a deposit of £3,500 every year. Sam opens a Loyal Saver account for 13years as well, but plans to make the first seven deposits of £3800 and the last six deposits of £3200. Who will have more money in the account at the end of the 13th year？

Joseph Simpson, a student at State College, has an average balance of $250 on his retail charge card; if the store levies a finance charge of 22 percent per year, how much monthly interest will be added to his account? Assume that the balance is computed by the average daily balance method. Round the answer to 2 decimal places. $