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The Mathematics of Financial Life Management MA 300 Prof. BL Dillard Exam Two Review Shawn wished for his ROTH IRA to grow to $534555. Assume
The Mathematics of Financial Life Management MA 300 Prof. BL Dillard Exam Two Review Shawn wished for his ROTH IRA to grow to $534555. Assume that he wanted to start at age 27 and hoped to retire at 65. a. How much would he have to invest each week in order to achieve his desire if the interest rate was 8.44%? b. What would be the total interest that would have accumulated in the account? A $356,700 mortgage had a 3.44% interest rate. a. Assuming a down payment of 17%, what would be the monthly payment if the loan was paid off in 20 years? b. Complete the rst 2 rows of the amortization schedule. where the rst row only shows the first Remaining Balance. Rachel grossed $101,000 as an investment banker. a. Determine how much she owes In federal taxes under the most basic situation. b. Determine how much she owes in state taxes if she lives in Ohio. Consider the following data concerning visits to a boutique: Day of the Visits SMMS) WMA(3} Week -s__ _- Wednesday '- -iiEEi- 79 - a. Draw the scatterplot showing Day of the Week and Visits. b. Find the value of A and show how you got it. c. Find the value of B and show how you got it. Use 1i2 for the most recent value. 2.5 for the second-most recent. and 1110 for the oldest
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