Financial math - Study guides, Class notes & Summaries

Introductory Financial Mathematics DSC1630 Solution Assignment 01 Assignment 01 – Detailed Solution Question 1 A sum of R1 000 is due in five months’ time from now, at a simple interest rate of 12% per annum. The present value of the sum is [1] R952,38. [2] R567,43. [3] R1 050,00. [4] R625,00. Question answered using the “how to approach a question” style. Step 1: Read through the question and identify the type of problem: Identification term A sum of R1 000 is due in five mo...

NJ Cala Math Problems Relating to Financial ManagementIn a 110 bed ALF there are a total of 50 employees working eight hours each day at an average salary of $9 per hour. If they waste 5% of their time, what would be the annual cost of this waste? - correct answer 50 x 8 x $9 x 365 x .05 = $65,700 cost of waste During the past year, a 100-bed home with 90 employees experienced 23 resignations and had to discharge 12 staff members. What was the employee turnover rate (as a %) for the year?...

Financial Math E2020 Questions and complete solutions Barry gets hurt at work and must go on disabililty for 4 months. On disability, the pay that Barry receives is 60% of his normal net pay. Barry should be fine if he has a plan for _____. a. financing b. managing his income d. protecting his assets Tamara earns $8 an hour at her job working 25 hours per week. If 22% of her paycheck goes to taxes, what is Tamara's monthly cash inflow? (Assume this is her only source of income and th...

Financial Math With 100% Correct Answers 2024. A consumer charges a $46.92 purchase on a credit card. The card has a daily interest rate of 0.039%. If the consumer pays off the balance at the end of 30 days, how much in interest will be paid for the purchase? - ANSWER C Sampson has a list of items that are on sale to pick up at the store. The sale items are the following: Ice cream - $1.89 Sweet corn - 3 for $1 Bananas - $0.49 per pound Sampson buys 1 carton of ice cream, 4 ears of ...

Financial Management C214 Review plus Pre-Assessment (no math) Questions And Answers

Financial Math Exam Guide Questions With Complete Answers 2024. minimum opening balance - ANSWER The minimum opening balance is the initial dollar amount set by the bank that is required to open a account. overdraft fee - ANSWER An overdraft fee is charged to an account when withdrawals from it exceed the available funds and cause a negative balance. This fee is incurred for every transaction that exceeds the available funds. fixed interest rate - ANSWER A fixed interest rate is an intere...

NJ Cala Math Problems Relating to Financial Management Question and answers correctly solved 2023/2024 In a 110 bed ALF there are a total of 50 employees working eight hours each day at an average salary of $9 per hour. If they waste 5% of their time, what would be the annual cost of this waste? - correct answer 50 x 8 x $9 x 365 x .05 = $65,700 cost of waste During the past year, a 100-bed home with 90 employees experienced 23 resignations and had to discharge 12 staff members. What was...

financial math Questions and complete Answers

FINANCIAL MATH QUESTIONS AND ANSWERS WITH SOLUTIONS 2024

NJ Cala Math Problems Relating to Financial Management In a 110 bed ALF there are a total of 50 employees working eight hours each day at an average salary of $9 per hour. If they waste 5% of their time, what would be the annual cost of this waste? - correct answer 50 x 8 x $9 x 365 x .05 = $65,700 cost of waste During the past year, a 100-bed home with 90 employees experienced 23 resignations and had to discharge 12 staff members. What was the employee turnover rate (as a %) for the yea...