Answer:
Cash price of the car
= Down payment + A(1 - <u>(1+r/m)</u>-nm
r/m
= $2,200 + $200(1-<u>(1+0.11/12</u>)-4x12
0.11/12
= $2,200 + $200(1-<u>(1+0.0091666667</u>)-48
0.0091666667
= $2,200 + $200(1-(<u>1.009166666667</u>)-48
0.0091666667
= $2,200 + `$200(38.691421)
= $9,938
Explanation:
The cash price of the car is equal to the down payment plus the present value of the monthly installment. The present value of the monthly installment is obtained by using present value of annuity formula.
Answer:
d. All of these
Explanation:
Personal financing is the process of organizing and managing an individual or household's income to achieve set financial goals. It involves managing personal finance activities such as income, expenditure, savings, and investments. The primary objective of personal finance is to assist individuals maximize their current incomes and make future plans. As a result, they can achieve both short term and long term goals.
Answer: 1/1.8
Explanation:
From the question, we are informed that 1 British pound can be exchanged for 180 cents of U.S. currency. To get the fraction that should be used to compute the indirect quotation of the exchange rate expressed in British pounds, we have to change the 180 cents to dollars first.
Since 100 cents = 1 dollar, 180 cents = 1.8 dollars. Therefore, fraction should be used to compute the indirect quotation of the exchange rate expressed in British pounds will be:
= 1/1.8
Sam, age 35, and Kathy, age 33, are married and have a son, age; The Financial stands resolve will be
- To the extent that Sam's wife qualifies for OASDI payments in the event of his death due to an automobile accident, she will receive them.
- Kathy's vocal cord is a significant contributor to her income since she is a teacher, but she can only get disability benefits if she has been selected for them.
- Kathy will be eligible for temporary disability benefits under the United States' social insurance program since she was injured on the job and has opted into the program.
- Sam's benefits will be reduced by $1 for every $2 he earns over the $17040 level in 2018; however, he will not see a decrease in his benefits if his income is between $45,306 and the maximum allowable amount of $45,306.
- Sam's desire for a greater salary is not a qualifying cause for unemployment insurance.
<h3>Who is a
financial planner?</h3>
Generally, a financial planner is simply defined as one form of a financial adviser, the financial planner, focuses on helping clients develop and implement strategies for achieving their long-term financial objectives.
In conclusion, Finance is managing substantial resources, as practiced by governments or major corporations.
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