Two algorithms are shown. Algorithm 1 Algorithm 2 Line 10 Input P Line 10 Input P Line 20 Input R Line 20 Input R Line 30 Input T Line 30 Input T Line 40 Let I = (P * R * T) / 100 Line 40 Let A = P Line 50 Let A = […]
UGBA 103 #1–2016 1.Calculate the future value of $1,000 invested today for 10 years with an annual rate of return of 6% paid daily. Also calculate the effective annual return. UGBA 103 #1–2016 2.Today you invest $500, and will also invest $500 at the beginning of each of the next three years. The annual rate […]
You estimate annual earned income from your employer at $60,500 plus a $2,000 bonus. In addition, you project $100 in interest and $500 in ordinary dividends. The maximum your employer will contribute to your traditional 401(k) the plan is 50 cents for each dollar you contribute up to a maximum employer contribution of 3% of […]
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