Personal Finance Case Study Essay
186 Words1 Pages
How long would it take for her debt to reach 100,000 if she does not repay any amount throughout the term? Assume the same interest rate of 6% compounded semi-annually throughout this extended period
b) If she had taken the same loan amount from a local bank, it would have accumulated to $80,654 in 18 months instead of two years. What is the interest rate compounded semi-annually charged by the local bank?
c) What would her savings be if the loan had been issued to her at an annually compounded frequency?
d) If her contract with the investor required that she settle all dues in two years, how much could she have borrowed initially if she was sure that she could
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Sample questions for midterm 1. In a skewed distribution, which of the following values is most likely to be dragged toward the longer tail of the distribution? a) the mean b) the mode c) the median d) none of the above 2. Which of the following RFM codes represents a potentially very valuable customer who hasn’t bought recently and should be encouraged to order? a) 511 b) 111 c) 151 d) 115
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Introduction Capstone Consulting Group has been approached by the Medical Associates to perform an executive summary regarding a land option and the changes in the Swift Health Plan. Medical Associates needs a recommendation concerning a 225-acre land on whether to sell only 25 acres closest to an anticipated highway or if they should sell all 225-acres. Swift Health Plan is announcing changes and Medical Associates need a recommendation on how to get in the best position for their developing managed care markets. Land Option In 1980, Medical Associates acquired a 30- year option for the 225-acre of land by the facility that established a purchase price not to exceed ‘the average prevailing rate plus 10 percent for undeveloped farm land in Hillsboro County’ (Seidel and Lewis 2014).
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Jonathan, I agree with you completely that the only oral contract she needs to honor is the one with the attorney. The oral contracts with Hermes and the builder fall under the statue of frauds and would not be legally enforceable. Suzy does have to honor her oral contract with the attorney because the attorney performs the service of investigating the title and records associated with the land within the one year limit and informs Suzy of the information that has been found about the land. The oral contract with the attorney would be legally enforceable.
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A final legal concern is Rita’s affair with her business partner Sam. While in this affair, there has been an access of unaccounted money towards her business from Sam. Financially her business is prospering because of Sam’s contributions, because of it there may be future legal concerns that may arise from her having to account for this money. Cultural issues
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The collective amounts of the loan from the three co-borrowers equals to 100 percent. Brian can no longer make his portion of the loan payments. Sara and Brian are responsible for his now portion of the loan. He’s a 30 percent co-owner of the lien debt. Sara and Brian or The bank will pursue him for the 30 percent debt he is owed on the loan.
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A) In a total one-hundred thirty-four people were accused, one hundred and
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Holocaust Heroes - Miep Gies. The holocaust was the worst genocide ever realized on earth, it left millions of victims dead. Thousands of people helped this horrible and non human movement to be executed, the German Politics, SS police, German Soldiers and other organizations, but not everyone let Hitler’s propaganda and speeches influence on them, A lot of people helped thousands of Jews to hide during the war. Nazi-sponsored persecution and mass murder fueled resistance to the Germans in the Third Reich itself and throughout occupied Europe.
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6.1.6 1. The centerpiece of the U.S. economy is its banking system. A. Banks in the U.S. practice fractional reserve banking. Explain what this means. (4 points)
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George Washington Carver was an amazing man who deeply affected the world with his brilliance! He conducted biological experiments and got his Bachelors and Masters degrees in college. He also ran the agricultural department at African American Tuskegee Institute. He achieved world fame and was known well for his intelligence. During his life he invented hundreds of new uses for peanuts.
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However, it must be determined whether Das’s promise to come until Monday constitutes sufficient consideration. Since, no deposit was made that is there was not sufficient consideration. Das would have to prove that he gave some sort of consideration to Ali to keep the offer open and if Das has taken a bank loan, the court may consider it as a valid consideration. Otherwise, the agreement does not stand according to the law. Therefore, Das cannot have any legal action against
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ASSESSMENT TWO A. ISSUES Given that Emma relied on information from the wrong page of the brochure while entering into an agreement with Richard, is the contract affected (whether valid, void or voidable) by the mistake of facts? Is the promise by George to let off Richard from paying the rent increase in the following year valid and enforceable despite the express provision in the lease? What was the effect of Richard’s counter-offer to the offer made by Tom to purchase the car at $18500?
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In return for lending the money, the firm need to pay the principal plus interest payment at some agreed time in the future. The most common debt
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Now, Cost of equity (Re) = 8.95% + 1.21×7.43% = 17.94% While determining the cost of debt we again used 8.95%,30 year U.S. Government Interest Rate given in Table B as the risk free rate plus 1.10% debt rate premium above Government rate, which is given in Table A. Cost of debt (Rd) = 8.95% + 1.10% =
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“How am I going to save my money if I can’t go a month without being short on cash?” Is this the question you ask yourself every now and then? Why is saving money that much difficult for you? Saving money needs a hell lot of self-control and self-control is challenging. Not only that, saving is a habit and habits take time and effort to form.
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Financial management “is the operational and financing activity of a business that is responsible for obtaining and utilizing the funds necessary for effective operations. Thus, Financial Management is concerned with the effective funds management in the business process. Finance is interrelated functions which deals with marketing function, production function, Human Recourse function and Research & development activities of the business concern. Financial Management is concerned with the financing, acquisition and management of assets with some overall goal in minds. There are three major areas in Financial Management decision making.
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