Question
You save $15,000.00. You place one-third in a savings account earning a 4.6% APR compounded annually. You then invest one quarter of the remaining balance
You save $15,000.00. You place one-third in a savings account earning a 4.6% APR compounded annually. You then invest one quarter of the remaining balance in a 3-year U.S. Treasury bond earning a 5.2% APR compounded annually and the rest in a stock plan. Your stock plan increases in value 3% the first year, decreases 8% in value the second year, and increases 6% in value the third year. What is the total gain on your original saved amount?
$1,166.28 | |
$915.33 | |
$1,297.31 | |
$1,260.70 |
Your housing and fixed expenses are $685.70/month. If they are 33% of your realized income, how much is your realized income per month?
$2,077.88 | |
$2,488.16 | |
$2,219.91 | |
$2,790.55 |
You save $15,000.00. You place one-third in a savings account earning a 4.6% APR compounded annually. You then invest one quarter of the remaining balance in a 3-year U.S. Treasury bond earning a 5.2% APR compounded annually and the rest in a stock plan. Your stock plan increases in value 3% the first year, decreases 8% in value the second year, and increases 6% in value the third year. What is the balance of the stock plan by the end of the third year?
$6,802.55 | |
$6,120.03 | |
$7,533.42 | |
$5,722.23 |
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