Saulsberry N MBA504 Assignment 2
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LONG BEACH COMMUNITY COLLEGE DISTRICT
Application for Admission
Status:
Initial
SSN:
Zachary Saulsberry
***-**-8293
3943 E. 4th Street
7
Long Beach
CA
90814
Your application was created successfully. Print this page, sign it and mail it to: Admissions and Records, Long Beach City College, 4901 E. Carson Street, Long Beach, CA 90808.
I declare under penalty of perjury that all information on this form is correct. I understand that falsification or witholding of information shall constitute grounds for dismissal.
Certification (Signature Required By All Students):_______________________________
Date:_______________________________
This application once completed becomes the property of Long Beach City College and will not be returned. PLEASE NOTE THAT THE APPLICATION PROCESS IS NOT COMPLETE UNTIL THE STUDENT 'S SIGNED APPLICATION IS RECEIVED.
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Jones International University
MBA504-Managerial Finance
Nancy Saulsberry
Warm-up Exercises
E5-1 Assume a firm makes a $2,500 deposit into its money market account. If this account is currently paying 0.7% (yes, that’s right, less than 1%), what will the account balance be after 1 year?
$2,500 X 1.007 = $ 2,517.50 will be the balance after 1 year
E5-2 If Bob and Judy combine their savings of $1,260 and $975, respectively, and deposit this amount into an account that pays 2% annual interest, compounded monthly, what will the account balance be after 4 years? $ 1,260.00 + $ 975.00 = $ 2,235.00
48 months compounded monthly at 2%
PV = 2235.00
R = 2%
N = 4 years
M = 12
PV4 = 2,235.00 X (1 + .02/12)12 X 4
$ 2,420.98
E5-3 Gabrielle just won $2.5 million in the state lottery. She is given the option of receiving a
Top of Form
Data Language: Print Help http
LONG BEACH COMMUNITY COLLEGE DISTRICT
Application for Admission
Status:
Initial
SSN:
Zachary Saulsberry
***-**-8293
3943 E. 4th Street
7
Long Beach
CA
90814
Your application was created successfully. Print this page, sign it and mail it to: Admissions and Records, Long Beach City College, 4901 E. Carson Street, Long Beach, CA 90808.
I declare under penalty of perjury that all information on this form is correct. I understand that falsification or witholding of information shall constitute grounds for dismissal.
Certification (Signature Required By All Students):_______________________________
Date:_______________________________
This application once completed becomes the property of Long Beach City College and will not be returned. PLEASE NOTE THAT THE APPLICATION PROCESS IS NOT COMPLETE UNTIL THE STUDENT 'S SIGNED APPLICATION IS RECEIVED.
Bottom of Form test t test
Default Local Node:
DbName:
Portal:
Node:
WorkCenter Id:
Url:
Jones International University
MBA504-Managerial Finance
Nancy Saulsberry
Warm-up Exercises
E5-1 Assume a firm makes a $2,500 deposit into its money market account. If this account is currently paying 0.7% (yes, that’s right, less than 1%), what will the account balance be after 1 year?
$2,500 X 1.007 = $ 2,517.50 will be the balance after 1 year
E5-2 If Bob and Judy combine their savings of $1,260 and $975, respectively, and deposit this amount into an account that pays 2% annual interest, compounded monthly, what will the account balance be after 4 years? $ 1,260.00 + $ 975.00 = $ 2,235.00
48 months compounded monthly at 2%
PV = 2235.00
R = 2%
N = 4 years
M = 12
PV4 = 2,235.00 X (1 + .02/12)12 X 4
$ 2,420.98
E5-3 Gabrielle just won $2.5 million in the state lottery. She is given the option of receiving a