Question
Due to your excellent results in mathematics, you have managed to secure an internship at a financial consulting company. Your job includes making coffee for
Due to your excellent results in mathematics, you have managed to secure an internship at a financial consulting company. Your job includes making coffee for senior consultants and reminding junior consultants of their scheduled meetings.
You have been doing this very well for a couple of weeks, and one of the consultants decides that it is time for you to show your real worth.
The company has been contracted to analyze the finances of a foreign investor by the name of Mr. Sarunas Marciulionis . He is claiming to have approximately $3 million in assets.
The client is not sure whether this is entirely accurate, and would like to know whether Mr.Marciulionis can be counted on as a business partner.
A partial report of Mr. Marciulionis major investments is available. None of the interest rates are known, but all compounding is annual.
Report (end of year 2018)
| Investment 1 | Investment 2 | Investment 3 | |
| $1,179,018.54 | $1,718,249.98 | $126,200.61 | |
| $3,023,469.13 |
You are to determine if Mr.M would be a good business partner by reviewing and analyzing the enclosed information.
Investment #1
| DATE | BALANCE |
| Principal Value | $200,000.00 |
| 2002 | $222,000.00 |
| 2003 | $246,420.00 |
| 2004 | $273,526.20 |
| 2005 | Not available |
| 2006 | Not available |
| 2007 | Not available |
| 2008 | Not available |
| 2009 | Not available |
| 2010 | Not available |
| 2011 | Not available |
| 2012 | Not available |
| 2013 | Not available |
| 2014 | Not available |
| 2015 | Not available |
| 2016 | Not available |
| 2017 | Not available |
| 2018 | $1,179,018.54 |
Investment #2
| DATE | REGULAR PAYMENT | BALANCE |
| Principal Value | $30,000.00 | $30,000.00 |
| 2001 | $30,000.00 | $63,000.00 |
| 2002 | $30,000.00 | $99,300.00 |
| 2003 | $30,000.00 | $139,230.00 |
| 2004 | $30,000.00 | Not available |
| 2005 | $30,000.00 | Not available |
| 2006 | $30,000.00 | Not available |
| 2007 | $30,000.00 | Not available |
| 2008 | $30,000.00 | Not available |
| 2009 | $30,000.00 | Not available |
| 2010 | $30,000.00 | Not available |
| 2011 | $30,000.00 | Not available |
| 2012 | $30,000.00 | Not available |
| 2013 | $30,000.00 | Not available |
| 2014 | $30,000.00 | Not available |
| 2015 | $30,000.00 | Not available |
| 2016 | $30,000.00 | $1,367,975.19 |
| 2017 | $30,000.00 | $1,534,772.71 |
| 2018 | $30,000.00 | $1,718,249.98 |
Investment #3
| DATE | REGULAR PAYMENT | BALANCE |
| Principal Value | $10,000.00 | $10,000.00 |
| 2003 | $10,000.00 | $21,000.00 |
| 2004 | $10,000.00 | $33,100.00 |
| 2005 | $10,000.00 | Not available |
| 2006 | $10,000.00 | Not available |
| 2007 | $10,000.00 | Not available |
| 2008 | $10,000.00 | $94,871.71 |
| 2009 | none | $101,987.09 |
| 2010 | none | $109,636.12 |
| 2011 | none | Not available |
| 2012 | none | Not available |
| 2013 | none | Not available |
| 2014 | none | Not available |
| 2015 | none | Not available |
| 2016 | none | Not available |
| 2017 | none | Not available |
| 2018 | none | $126,200.61 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
IIA Certified Internal Auditor Part 3 Business Analysis And Information Technology Questions And Dumps Exam Prep Questions For IIA CIA Latest Version
Authors: Certify Mart
1st Edition
B0BQY8THZ9, 979-8366085779
