Suppose you wish to have $1016928 set aside 30 years from now by making weekly deposits in an investment account that earns 6.08% annual interest.

Suppose you wish to have $1016928 set aside 30 years from now by making weekly deposits in an investment account that earns 6.08% annual interest.

How much should you deposit each week?

Round your answer to the nearest $1

Val and Sal are married and have 5 dependent children.  They have a household income of $101819 for 2016.

If they take the standard deduction for a married couple, how much will they owe in federal taxes for 2016?

Round your answer to the nearest $1.

You’ve just bought a corporate bond for $975.  It has a face value of $1000 and a coupon rate of 3.50% and pays interest semi-annually.

If the bond matures in 5 years, how much profit will you have earned at maturity? 

Round your answer to the nearest $1

In my town there is a 1.00% municipal sales tax rate, a 1%, county sales tax, and a 4% state sales tax rate.   Gross receipts at my retail store  (including sales taxes)  totaled $52778 for the month of September.

Calculate my business’s pre-tax earnings for the month of September.

Round to the nearest $100

A game show company is considering offering a prize of $6980 per month for 31 years.

Calculate the present value of this income stream if the available annual interest rate is 3.82%.

Round your answer to the nearest $1000.

8 years ago I took out a 30-year mortgage for $207227 with an annual interest rate of 5.60% and monthly payments.

If I haven’t made any extra payments, how much do I still owe on this loan now?

Round your answer to the nearest $100

20 years ago I bought 1152 shares of stock in Cynex, Inc at a price of $22.89 per share.

Since then, the stock has had three splits;  the first split was 4:1, the second was 4:1 and the third was 2:1.

Today I sold all my shares at the current price of $10.64 per share.

How much of a profit did I earn on this investment?

Round your answer to the nearest $100.

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