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Finance Questions & Answers

Q:
Find the final hourly wage if a \( \$ 9.00 \) starting wage is increased by \( 4.5 \% \) each year for 8 years. The final wage is \( \$ \) Round answer to 2 decimal places
Q:
Brent crude oil costs \( \$ 93,78 \) a barrel. Calculate the cost in rands, of importing a barrel when the exchange rato is R 19,08 to the dollar.
Q:
If the current exchange rate is \( \$ 1=R 19,08 \) and \( E 1=R 23,31 \), determine the exchange rate between dollar and pound.
Q:
Question 5 [5 marks] Sarah used her credit card to pay for a new outfit purchased on holidays in Victor Harbor. The cost was \( \$ 250.67 \) and she purchased the new outfit on June 4. Her online statement arrived on June 20 and the payment due date is July 15 before interest is charged.
Q:
What economic system did Karl Marx promote in response to the negative effects of the Industrial Revolution? (A) capitalism (B) communism (D) ascism (D) anarchy
Q:
Gregory's taxable income last year was \( \$ 65,750 \). According to the tax table below, how much tax does he have to pay if he files with the "Single" status?
Q:
¿Qué capital deberíamos depositar durante 5 meses, si el banco nos ofrece una tasa de interés simple del \( 2,5 \% \) y queremos obtener un valor futuro de \( \$ 1.000 .000 \) ? (A) \( \$ 800.000,0 \) (B) \( \$ 875.000,0 \) (C) \( \$ 888.888,9 \) (D) \( \$ 200.000,0 \)
Q:
Question 4 [7 marks] Hannah wants to take out a personal loan of \( \$ 12000 \) to pay for a cruise to Fiji. The loan is to be repaid over 4 years at \( 5.5 \% \) p.a interest compounded monthly. a. Using technology, calculate the monthly repayment.
Q:
If 22900 dollars is invested at an interest rate of 5 percent per year, find the value of the investment at the end of 5 years for the following compounding methods, to the nearest cent. (a) Annual: \( \$ \) (b) Semiannual: \( \$ \) (c) Monthly: \( \$ \) (d) Daily: \( \$ \)
Q:
c. Richie has a part-time job whilst he is studying at university. His annual salary is \( \$ 23000 \) which means his marginal tax rate is \( 19 \% \). Calculate the tax paid on the interest earned.
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