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- 1- In year 12 Adam earns $1450 and saves $550. In year 21 Adam gets a $4550 raise so that he earns a total of $6000. Out of that $6000, he saves $650. What is Adam's MPC out of his $4550 raise?uestion 3 If you want to minimize interest payments on a loan, you'll need one that has a simple interest rate so that yo John opened an account, and knew exactly how much it would be worth at the end of the year, because it used year. What is simple interest? Oa. Interest only on original amount saved or borrowed Ob. interest on original amount saved, borrowed and other interest earned Oc. a fee paid for the use of someone else's money Od. taxes on the original amount saved or borrowed L A Moving to another question will save this response. →6. A contractor estimates maintenance costs for a new backhoe to be $275 for the first month with a monthly increase of 0.5%. The contractor can buy a 4-year maintenance contract for $18,500 at any point. If the contract is purchased at the same time as the backhoe is purchased, the dealer has offered a 10% discount. Use i=0.75% per month. What should the contractor do?
- The graph below shows copper prices for several days during the months of July, August, and September. The price is given per pound of copper. [Click on the graph to open a PDF viewable version in another tab.] Copper Price (per pound) $3.25 $3.20 $3.15 $3.10 $3.05 $3.00 MM Jul 1 Jul 8 Jul 22 Jul 29 Aug 5 Aug 12 Aug 19 Aug 26 Sep 2 Sep 9 Sep 17 Sep 23 Sep 30 In the U.S., a significant portion of copper is used for wiring in homes. The U.S. Commerce Department reported in September that building permits for new homes increased 15% from August, indicating that the demand for copper increased. Also in August, China reported that it would meet its full-year economic growth target. This news resulted in copper suppliers expecting higher future copper prices. If both of these factors occurred in the copper market on or around September 23, then which of the answer choices gives the most likely trend line for copper prices from September 23 to September 30? More information is needed;…Pls solve it quicklyIt is the practice of almost all banks in the Philippines that when they grant a loan that the interest for one year is automatically deducted from the principal amount upon release of money to borrow. Let us therefore assume that you applied for a loan with a bank and the amount of 80,000.00 was approved at an interest rate of 14% of which 11,200.00 was deducted and you were given a check of 68,800.00. Since you have to pay 80,000.00 one year after, what then will be the effective interest rate
- The football coach at a university was given a 5-year employment contract that paid $1,000,000 the first year (assume he receives his first paycheck at EOY1 and is paid once per year). The coach was guaranteed a 10% raise every year following. The day after he receives his first paycheck, he is fired. The university agrees to buy out his contract (pay him an equivalent sum to his remaining salary). How much did the university pay the coach if the time value of money is 8%? Please present the procedures of your calculation.Terminal Activity PROBLEM SET Study and solve the given problems below. Show your complete solutions and label your answer. Write your ANSWER on your sheet. 1. Pamela makes a monthly salary of 27,900 pesos. She also receives an additional 9.5% commission rate bonus for any sales beyond 55,000 pesos. If Pamela sold 81,500 worth of merchandise this month, what is her total gross salary? 2. John is a realtor agent. He receives 5% commission when he sells a condo unit. How much commission will he receive for selling a condo unit that cost 3,500,000 pesos? 3. Randy was paid a commission of 8.5% on his total sales. If his sales were P13,000, P15,000, P25,000, P30,000, and 33, 000 pesos consecutively, find his gross earnings.She should charge retainer fee of $_____ thousand? Need both consultation fee and retainer fee please!
- Answer the following as indicated. (Format: problem, then, solution) 1. Brian borrowed from his friend, Mark, P9,000. He repaid the P9,600 after 15 months. What was the simple interest rate?Mr.Abdullah specializes on Arbitrage trading. He has got the following quotes regarding 3 currencies GBP 0.739541 / USD AUD 1.3081 / USD GBP 0.563789 / AUD Now he wants to use USD 1000000 and make a profit. Answer the following questions based on the data given above. After converting from USD to GBP and from GBP to AUD, How much will he get in converting AUD to USD in the above process? a. 1715879 b. 1002777.804 c. 739541 d. All the options are wrong e. 1311733.645 After converting from USD to GBP, How much will he get in converting GBP to AUD? a. 739541 b. 1002777.804 c. 416945 d. None e. 1311733.645 How much will he get in converting USD 1000000 to GBP? a. 1311733.645 b. 1002777.804 c. None d. 739541 e. 1352190 Which cross rate should he calculate and compare with actual quotes to make sure that he will get profit a. GBP/AUD b. USD/AUD c.…1-23 Golden Age Retirement Planners specializes in providing financial advice for people planning for a comfortable retirement. The company offers seminars on the important topic of retirement planning. For a typical seminar, the room rental at a hotel is $1,000, and the cost of advertising and other incidentals is about $10,000 per seminar. The cost of the materials and special gifts for each attendee is $60 per person attending the seminar. The company charges $250 per person to attend the seminar, as this seems to be competitive with other companies in the same business. a.How many people must attend each seminar for Golden Age to break even? b.If 75 people were to attend, has the company made a profit or loss? (show your work and highlight the answer).