Business, 28.10.2020 19:40 braegan64

Question 37 (25 points) It is September 1 and your friend has come to you for advice because she knows you excelled in Mr. blank’s Personal Finance class.
She is concerned about her saving plan. Isabelle's take-home pay each month is $3500. She's not currently contributing to any
retirement accounts (such as a 401(k) or a Roth IRA), but she does have a savings account at her bank. For the bast four months, she's
been keeping track of her spending and saving, and here are the results:

-May -- spent $3200, put $300 into saving
-June - spent $3450, put $50 into saving
-July -- spent $3475, put $25 into saving
-August -- spent $3250, put $250 into saving

She would ideally like to have an emergency fund of $12,000 and save up enough for a big vacation with her friends next September
(~$4500). She's afraid she'll never get there.

Write a detailed savings plan for Isabelle to meet her goals.

(Hint: Your detailed plan should probably go out three years making adjustments as you go along. Remember it is September 1 now, so
write your plan with that starting date in mind. Also, do not make any assumptions, you are simply to write a plan that helps her
accomplish her goals and start saving for retirement appropriately.)

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 21:00

Accublade castings inc. casts blades for turbine engines. within the casting department, alloy is first melted in a crucible, then poured into molds to produce the castings. on may 1, there were 230 pounds of alloy in process, which were 60% complete as to conversion. the work in process balance for these 230 pounds was $32,844, determined as follows: exercises during may, the casting department was charged $350,000 for 2,500 pounds of alloy and $19,840 for direct labor. factory overhead is applied to the department at a rate of 150% of direct labor. the department transferred out 2,530 pounds of finished castings to the machining department. the may 31 inventory in process was 44% complete as to conversion. prepare the following may journal entries for the casting department: the materials charged to production the conversion costs charged to production the completed production transferred to the machining department determine the work in process"casting department may 31 balance.

Answers: 1

Answer

Business, 22.06.2019 16:30

Bernard made a gift of $500,000 to his brother in 2014. due to bernard’s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?

Answers: 3

Answer

Business, 22.06.2019 18:00

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%

Answers: 1

Answer

Business, 22.06.2019 22:30

Rahm's credit card issuer calculates interest based on the outstanding balance at the end of the last billing period. what is this method of calculating interest on a credit card called?

Answers: 2

Answer

You know the right answer?

Question 37 (25 points) It is September 1 and your friend has come to you for advice because she kn...

Questions