commencing at age 60 and ending at age 67 Plan 1: V0 * (1.06)42 = 3‚000‚000 V0 = 3‚000‚000/(1.06)42 V0 = $259‚582.20 Plan 2: V0 * (1.06)17 = 3‚000‚000 V0 = 3‚000‚000/(1.06)17 V0 = $1‚114‚093.26 Plan 3: C * Annuity Compound Factor (6%‚ 37) = 3‚000‚000 C * [((1.06)37 – 1)/0.06] = 3‚000‚000 C *127.27 = 3‚000‚000 C = $23‚572.28 Plan 4: C * Annuity Compounding Factor (6%‚17) = 3‚000‚000 C * 28.21 = 3‚000‚000 C = $106‚334.41 Plan 5: C * Annuity
Premium Compound interest Cash flow Internal rate of return
Name________________________________ UDC – Quantitative Reasoning I EXAMINATION 3 – Personal Finance – Exponential Functions Fall - 2012 Instructions: This exam is worth 100 points. Read each question carefully. Answer each question clearly and concisely. Please‚ show All of Your Work. Remember‚ I do not believe in magic!!! A) B) Answer C) D) 1. What is the simple interest for a principal of $620 invested at a rate of 7% for 3 years? $173.60 $130.20 $172.60 $129.20 A) B) C) Answer D) E)
Premium Compound interest
Chapter 5‚ 6 Review 1. You invested $1‚650 in an account that pays 5 percent simple interest. How much more could you have earned over a 20-year period if the interest had compounded annually? A. $849.22 B. $930.11 C. $982.19 D. $1‚021.15 E. $1‚077.94 2. Today‚ you earn a salary of $36‚000. What will be your annual salary twelve years from now if you earn annual raises of 3.6 percent? A. $55‚032.54 B. $57‚414.06 C. $58‚235.24 D. $59‚122.08 E. $59‚360.45 3. You hope to buy your dream
Premium Compound interest Time value of money Interest rate
on the subject lines. Multiple Choice: True/False (5-2) Compounding 1. F J Answer: aEASY Starting to invest early for retirement increases the benefits of compound interest. a. True b. False (5-2) Compounding 2. F J Answer: bEASY Starting to invest early for retirement reduces the benefits of compound interest. a. True b. False (5-2) Compounding 3. F J Answer: aEASY A time line is meaningful even if all cash flows do not occur annually. a. True b. False
Premium Compound interest Interest Time value of money
I. Abstract The common organic compounds provide us with nutrients are sugars and starches‚ carbohydrates‚ proteins‚ and lipids. In this lab‚ qualitative tests are performed to identify the presence of organic compounds in food using indicators‚ chemical substances that react in a certain way when a particular substance is present. We put one indicator into the each test tube containing different solutions at a time to see what organic compound is present. The color change in the indicator tells
Premium Carbohydrate Starch Maize
Volatile Organic Compounds (VOCs) have become the greatest challenges to the preservation of the environment today. This group of chemicals is used in almost every sphere of life from industries‚ government institutions and domestically by both an ignorant and knowledgeable public. This paper aims to put to light examples of such compounds‚ look at the effect on the general populace and the environment and outline possible remedies to negative impacts. At the same time‚ it is important to look at
Premium Volatile organic compound Gasoline Organic chemistry
Entire Review Problems Cumulative- Practice 1. At a certain car wash‚ 40 more cars than vans go through on a typical day. If each car pays $12 and each van pays $16 and the total earned per day is $2244‚ find the number of vans that go through the wash. 2. a) In the Fine Company‚ the CEO must invest in 30% more shares than the CFO. The shares sell for $10.20 each and the total value of the shares owned by the two of them is $132 549. Find the number of shares owned by the CEO.
Premium Compound interest Mobile phone Ratio
WHAT IS PHARMACOGNOSY? Pharmacognosy is the study of drugs of natural origin. The term comes from two Greek words: "pharmakon" meaning drug or medicine‚ and "gnosis" meaning knowledge. The American Society of Pharmacognosy defines pharmacognosy as "the study of the physical‚ chemical‚ biochemical and biological properties of drugs‚ drug substances or potential drugs or drug substances of natural origin as well as the search for new drugs from natural sources". Plant preparations are said
Premium Chemical compound Pharmacology Chemistry
Personal Care period 4 Michelle Manobanda 2012 The FDA permits the use of mercury compounds in eye makeup at concentrations up to 65 parts per million. The preservative thimerosol‚ found in some mascaras‚ is a mercury-containing product. Mercury is associated with a host of health concerns including allergic reactions‚ skin irritation‚ toxicity‚ neurological damage‚ bioacculumation‚ and environmental damage. Mercury readily passes into the body through the skin‚ so normal use of the product
Premium Cosmetics Skin Mercury
Quaternary ammonium compounds‚ QAC‚ are ingredients found in household products such as fabric softeners‚ detergents‚ disinfectants‚ and hair products that consist of dialkyldimethylammonium compounds (DADMC)‚ benzylalkyldimethylammonium compounds (BAC) and alkyltrimethylammonium compounds (ATMAC) (Li and Brownawell 2010). While trying to find the reason why these rivers keep getting contaminated‚ Brownawell found out that the wastewater areas found in surficial sediments around the Hudson River
Premium Fabric softener Concentration