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HW1-1 (Session 2). Produce Jane's annual income statement, annual cash flow statement, and beginning and ending balance sheets, based on the following information: Jane earns
HW1-1 (Session 2). Produce Jane's annual income statement, annual cash flow statement, and beginning and ending balance sheets, based on the following information: Jane earns $60,000 a year as a nurse. Thanks to her excellent work performance, she usually gets a 10% annual bonus. Her income tax rate is 22\%. Jane has $0 on her checking account and $10,000 in a tax-free savings account that will earn $200 total interest this year. She doesn't have a car and spends $80 per month on public transportation. Jane owes $50,000 in student debt with $800 monthly repayments, of which $300 is interest. She spends $10,000 a year on entertainment, dining, clothes etc. Jane rents an apartment for $1500 a month, utilities are $300 a month, her annual food expenses are $8000, and her gym membership costs $100 per month. HW1-2 (Session 3). Calculate the effective annual rate (EAR) corresponding to 10% APR with semiannual, quarterly, monthly, weekly, and daily interest payments. HW1-1 (Session 2). Produce Jane's annual income statement, annual cash flow statement, and beginning and ending balance sheets, based on the following information: Jane earns $60,000 a year as a nurse. Thanks to her excellent work performance, she usually gets a 10% annual bonus. Her income tax rate is 22\%. Jane has $0 on her checking account and $10,000 in a tax-free savings account that will earn $200 total interest this year. She doesn't have a car and spends $80 per month on public transportation. Jane owes $50,000 in student debt with $800 monthly repayments, of which $300 is interest. She spends $10,000 a year on entertainment, dining, clothes etc. Jane rents an apartment for $1500 a month, utilities are $300 a month, her annual food expenses are $8000, and her gym membership costs $100 per month. HW1-2 (Session 3). Calculate the effective annual rate (EAR) corresponding to 10% APR with semiannual, quarterly, monthly, weekly, and daily interest payments
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