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Suppose a resident with yearly income of $40,000.00. The Medicare Levy will be $600.00 and the taxes will be $5,550.00/year or $106.73/week. His/her net salary per year will be $33,850.00 or $650.96 per week. Suppose the user needs $628.71 per week as living expenditure. So it is possible to invest $22.25 per week. Suppose the interest is 13% per year (or 1% each 4 weeks, since we have 52 weeks per year) and the number of weeks the user will invest the money is 18. Assuming the user asks to invest $22.25 per week, then the investment account output will be:
Weeks
Money in the end of each 4 weeks
4
$89.89 = 22.25*4*1.01
8
$180.68 = (89.89+22.25*4)*1.01
12
$272.38 = (180.68+22.25*4)*1.01
16
$364.99 = (272.38+22.25*4)*1.01
18
$409.49 = (364.99 + 22.25*2) (note that is less than 4 weeks, so the interest is not applied
Research Problem 2: Carol is a successful physician who owns 100% of her incorporated medical practice. She and her husband, Jared, are considering the purchase of a commercial off
return of invesment..
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Hi Dear, could you do the online exam with me !! Thank you
Roberta Santos, age 41, is single and lives at 120 Sanborne Avenue, Springfield, IL 60781. Her Social Security number is 123-45-6789. Roberta has been divorced from her former husb
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