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...

Financial Math Exam Questions and Answers 2024( A+ GRADED 100% VERIFIED).

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...

financial math Questions and complete Answers

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...

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...