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Use the below table to develop a monthly expenses schedule for Bob. Also, include a source of revenue (income from a job) and determine the
Use the below table to develop a monthly expenses schedule for Bob. Also, include a source of revenue (income from a job) and determine the total savings each month. To make this situation more realistic, search for a potential job on the Internet and determine Bob's monthly salary. Include the calculation as an aside. [8][C][5[A] Revenue Expenses Total Savings (R-E) Next, Bob wants to invest $10,000 and has been given two options by an investment advisor. Help him determine the option that is most profitable. Option 1: A Canadian Savings Bond that earns 8% per year, simple interest Option 2: A corporate bond earning 6.9% per year, compounded annually a) How much money does each investment earn? Option 1 Calculations Option 2 Calculations [12] [T] b) Which investment should he choose? How much additional interest does it earn? 13][C] c) Provide a reason why might Bob choose the option that earns less interest? [3][C] Use the below table to develop a monthly expenses schedule for Bob. Also, include a source of revenue (income from a job) and determine the total savings each month. To make this situation more realistic, search for a potential job on the Internet and determine Bob's monthly salary. Include the calculation as an aside. [8][C][5[A] Revenue Expenses Total Savings (R-E) Next, Bob wants to invest $10,000 and has been given two options by an investment advisor. Help him determine the option that is most profitable. Option 1: A Canadian Savings Bond that earns 8% per year, simple interest Option 2: A corporate bond earning 6.9% per year, compounded annually a) How much money does each investment earn? Option 1 Calculations Option 2 Calculations [12] [T] b) Which investment should he choose? How much additional interest does it earn? 13][C] c) Provide a reason why might Bob choose the option that earns less interest? [3][C]
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