Question
1.Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest cent.) $80,000borrowed at3% for10years, with monthly payments PMT
1.Determine the periodic paymentsPMTon the given loan or mortgage. (Round your answer to the nearest cent.)
$80,000borrowed at3% for10years, with monthly payments
PMT= $
2.In the 3-month period November 1, 2014, through January 31, 2015, Hess Corp. (HES) stock decreased from $80 to $64 per share, and Exxon Mobil (XOM) stock decreased from $96 to $80 per share.If you invested a total of $18,880in these stocks at the beginning of November and sold them for $15,3603 monthslater, how many shares of each stock did you buy?
HES
XOM
3.Present Value
Determine the amount of money, to the nearest dollar, you must invest at5%per year, compounded annually, so that you will be a millionaire in30years.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
