Assignment 4: Money Management (15 points) In Section 4‚ you learned about money management. Now‚ you’ll apply what you learned. 1. List at least three of your financial goals. Explain whether they are short-term‚ intermediate‚ or long-term. (1-3 sentences. 3.0 points) Saving enough money for a perfume (short term) Save enough money for a fancy vacation to Paris (intermediate) paying down payment to a car (long term) 2. List at least three things you would consider when choosing a bank and account type
Premium Investment Finance Term
Chapter 2: Time Value of Money 2.1) I = iPN = (0.09)($3‚000)(5) = $1‚350 2.2) • Simple interest: F = P (1 + iN ) $4‚ 000 = $2‚ 000(1 + 0.08 N ) N = 12.5 years (or 13 years) • Compound interest: $4‚ 000 = $2‚ 000(1 + 0.07) N 2 = 1.07 N log 2 = N log 1.07 N = 10.24 years (or 11 years) 2.3) • Simple interest: I = iPN = (0.07)($10‚ 000)(20) = $14‚ 000 • Compound interest: I = P ⎡(1 + i) N − 1⎤ = $10‚000 ⎡(1.07)20 − 1⎤ ⎣ ⎦ ⎣ ⎦ = $28‚696.84 2.4) •
Premium Copyright Pearson Education Upper Saddle River, New Jersey
activities in anticipation of an expected flow of future benefits over a series of years. Charles T Horngren Defines Capital Budgeting is long term planning for making and financing proposed capital outlays. Features of Capital Budgeting:- 1. The exchange of current funds for future benefits 2. Funds are invested in long term assets 3. High Risk Importance of Capital Budgeting:- 1. Long term Effects: - Capital Budgeting decisions determine the future destiny of the firm. An appropriate decision
Premium Net present value
* Function of money * Store of wealth (value) is any form of commodity‚ asset‚ or money that has value and can be stored and retrieved over time. Real estate‚ precious metals‚ gem stones‚ and similar assets can be a store of value. In all of these cases‚ people can exchange these items and hold them for varying periods of time. The value may even rise in storage‚ and sometimes a store of value can be held strategically with the goal of enjoying a rise in value‚ as for example with people who
Free Federal Reserve System Central bank Monetary policy
Angellie P. Manabat Humanities BS Psychology Ma’am Viray Different Mediums of Architecture Architectures has to do with the planning‚ designing and constructing form‚ space and ambience that reflect functional‚ technical‚ social‚ environmental‚ and aesthetic considerations. It requires the creative manipulation and coordination of material‚ technology‚ light and shadow. Architecture also encompasses the pragmatic aspects of realizing buildings and structures‚ including scheduling‚ cost estimating
Premium Concrete Compressive strength Materials science
The Medium is the Message There are many things that fill our heads other than our own thoughts in today’s society. Things like social networking sites keep people all over the world updated on the latest fashion trends and technology. While things like ad’s and billboards spread advertisements as far the eye can see. The media is everywhere‚ and it has a great influence on our lives. As said by Marshall McLuhan‚ “Our conventional response to all media‚ namely that is how they are used that counts
Premium Advertising Mass media Dialect
Introduction The essay below defines the process of communication and its mediums‚ outlines the main types of mediums‚ and describes why it is important to carefully choose the right way of communication when trying to deliver a message to recipients. Communication and its mediums. Communication is a very important aspect of everyday life. From the time we are born we are involved in this process. It’s one of the very first skills we learn in life‚ it’s something we do every day‚ and still the
Premium Communication
owned by its two shareholders‚ Bracket and Racket. Balance Sheet as at 31 March 2002 $000 Fixed Assets at Net Book Value Buildings Fixtures and fittings $000 $000 250 100 350 Current Assets Stock Debtors Cash Current Liabilities Creditors for supplies Accruals Bank 1540 820 3 2363 1210 192 203 1605 758 1108 25 910 Share capital – Ordinary shares Retained profits Loan accounts – Bracket Racket 104 69 173 1108 The company accountant resigned at the beginning of April 2002 and proper records
Premium Balance sheet
Money as a medium of exchange is an item that buyers give to sellers when they want to purchase goods or services. An example of how I use money as a medium of exchange is simple. Every week when I do my grocery shopping‚ I give the cashier money‚ whether it is in the form of cash‚ or debit card‚ in exchange for groceries. Money as a unit of account is the yardstick people use to post prices and record debt. When we want to measure and record economic value‚ we use money as the unit of account.
Premium Money Currency
11/12/2011 Anthro 208 Essay 1 2. First define “Shaman” and “Medium”. What do Shamans and Mediums do in Iceland? Then compare their activities in Iceland to that of at least one small-scale “traditional culture” or ethnic group you have seen or read about in our class. Difference between Shaman and Medium in Iceland Shamans and Mediums are very similar in their definitions. A medium is “a practitioner who intentionally communicates with the supernatural to find information” (1:262). While
Premium Shamanism Healing Spirit