Question
This is a 5 part question A: Use simple interest to find the ending balance: $5,800 at 6.1% for 4 years $27,015 $15,210.25 $7215.20 $1415.20
This is a 5 part question
A: Use simple interest to find the ending balance: $5,800 at 6.1% for 4 years
$27,015
$15,210.25
$7215.20
$1415.20
B: Determine the amount of interest earned on a $10,400 investment if it is invested at 3% annual interest compounded for 7 years. Show work.
C: James is investing $15,000 in the bank. The investment has an interest rate of 6% compounded annually. After 10 years, how much will James have in the bank? Show your work.
D: You are considering two job offers: a full-time permanent position that pays $70,000 annually and a full-time contract job that pays $42 per hour. What is the gross annual income, gross monthly income, and the after-tax monthly income for each job offer? Use the information for calculating income, taxes, and costs that Kafi used in the lesson (Social Security 6.2%, Medicare 1.45%, and Federal 15%). The contract job is self-employment, which is taxed an addition 7.65% of gross income. Please fill out the rest of the graph
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