Question
Please show me how to work each of these problems. Thank you 1.Susan's annual salary is $50,000. She contributes 10% of her salary to her
Please show me how to work each of these problems. Thank you
1.Susan's annual salary is $50,000. She contributes 10% of her salary to her 401(k) plan; and her employer contributes 6% of her salary to a profit sharing plan. She also contributes $2,500 per year to an IRA. What is Susan's approximate savings rate?
2.Byron and Mandy are married and have a net worth of $30,000 and total assets of $150,000. If theirrevolving credit and unpaid bills total $8,000, how much are their total liabilities?
4.Holly's salary is $100,000 per year. She contributes 10% of her salary to her 401(k) plan. Her employermatches with 5% of her salary to a 401(k) plan. She also contributes $2,500 per year to an IRA. Holly'sannual savings rate is?
5.Which of the following is most likely not classified as an investment amount on the Statement of FinancialPosition?
11.Bob and his wife Sally recently opened an investment account with the intention of saving enough to purchase the house of their dreams. Their goal is to have $75,000 down in 6 years. Their account will guarantee them a return of 6% compounded annually. How much do they need to put into the account right now to reach their objective?
12.Lori wants to give her daughter $35,000 in 9 years to start her own business. How much should Loriinvest today, at an annual interest rate of 5%, compounded annually, to have $35,000 in 9 years
13.Tracy purchased a car for $22,500. She is financing the purchase at an 9% annual interest rate,compounded monthly for 5 years. What is the payment that Tracy is required to make at the end ofeach month?
14.Anthony has been investing $5,000 at the end of each year for the past 15 years. How much hasaccumulated assuming he has earned 12% compounded annually on his investment?
21.Jason purchased a mutual fund at NAV of $30.00 and it was redeemed 8 months later at $35.00. During the time he owned the fund, he received a capital gains distribution of $2.00/share. What is his holding period return?
24.The P/E ratio of the S&P 500 should be 18 based on historical analysis and your projection of thefuture. If the earnings of the S&P 500 are currently $40 then the S&P 500 should be at:
25.Mutual funds that take the approach that "if you can't beat 'em, join 'em," are tax efficient, have lowexpense ratios and attempt to match the performance of a market are:
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