Answer:
$ 142 375
Explanation:
Thinking process:
Let the composite rate be given by the formula:
where
A = amount after interest
= interest rate
t = time
n = number of times (per year)
Therefore, this gives:
Answer:
The maximum amount Harvey can contribute to his retirement plan in 2019 is $30,000.
Explanation:
According to Keogh plan the maximum amount Harvey can contribute to his retirement plan in 2019 is 25% over the amount Harvey earned Or 53,000 Whichever is less.
Thus,
Harvey is a self-employed accountant with earned income from the business of $120,000 and its 25% is $30,000.
Answer:
customer must deposit $8000
Explanation:
given data
purchases bonds = $100,000
margin = 40%
solution
As we know minimum maintenance requirement set by Financial Industry Regulatory Authority is the great than 7% of face amount or 20% of the market value
and margins is minimums set by exchange
so bond is purchased at 40% is
bond purchase = 40% × $100,000 = $40000
and 20% of $40,000 is = $8,000
and 7 % of $100,000 is = $7,000
so greater amount is $8,000
so customer must deposit $8000
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