After you reach age 70, you start withdrawing $6,000 every month until death. Also, you withdrew $30,000  on your 75th birthday. Determine the balance in the account on your 90th birthday.

Financial Management Today, you celebrated your 25th birthday. You just landed a new job at Citi Bank. Citi provides you a 401-k plan, and you decide to deposit $300 every month for 10 years. Citi matches your 401-k at 100%  and pays interest at 7.2% compounded monthly. At the end of 15 years, you change […]

What did you learn about your own writing from the feedback on your Draft Letter? In your estimation, what are the biggest strengths and weaknesses in your writing?

1) CHANGING PURPOSE AND AUDIENCE In your Draft Letter assignment you wrote a letter to a person who had a strong impact over your life . In the Revised Letter you are still going to address the same person and preserve the content of your letter. However, your audience and purpose will change. Imagine that […]

Using the high interest savings-account you researched, determine how much money would be in this savings account on your 18th birthday if interest is compounded monthly. Does this account contain enough money to pay for your first year of tuition?

In this assignment, you will take on the role of a student applying to post-secondary schools. You are beginning to explore your options for financing your education. PART I – RESEARCH You have heard about the costs associated with OSAP loans and are looking for an alternative financing method. A friend has introduced you to […]

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