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What is an annuity and how does it work? How does a 401K plan work? Describe what a share of stock means to an investor.
- What is an annuity and how does it work?
- How does a 401K plan work?
- Describe what a share of stock means to an investor.
- What is a diversified Portfolio?
- What is a ROTH IRA and how does a person make contributions into it? Is it taxable and, if so, when can a person be taxed on it?
- What is a qualified dividend?
- What is a mutual fund and how does it work?
- An exercise machine with an original price of $850 is on sale for 20% off. What is the sale price?
- Nowregarding the exercise machine from #8, if CT sales tax is 6.35%, what would the tax be on the machine? Andif you add the tax to the sale price, what would you, the consumer, pay?
- If I paid $6000 in state income tax in 2015 and in then in 2017 I paid $6300, what was the percent increase?
- If my gross income in 2015 was $87,000 and then in 2017 my gross income was $65,000 what was the percent decrease?
- In order to start a small business you take out a simple interest loan for $6000 for 9 months at a rate of 8.25%.
- How much interest do you pay?
- What is the total amount you pay back at the end of 9 months?
- $7500 is put into a savings account that earns 3.25% annual interest. If the interest is compounded quarterly, how much money is in the account after 5 years?
Suppose I have an annual gross income of $60,000. I want to invest 8% each month and my employer will match 4%. Liberty Mutual offers 3% annual interest compounded monthly.
- How much money will be invested each month?
- Now, in January the first investment is made with the amount you found in #14. How much is in the account at the end of 1 year based on this initial investment?
- In February, a second investment is made of the same amount you found in #14. How much money is in the account at the end of 11 months based on this investment?
- In March, a third investment is made of the same amount you found in #14. How much money is in the account at the end of 10 months based on this investment?
- Nowwhen the end of the year comes, how much is in my account SOLELY based on these 3 monthly investments?
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