Finance100: Principles Of Finance

Finance100: Principles Of Finance

Complete the following homework scenarios:

A local bank reported that it lost $150,000 as the result of an employee fraud. Edward Jasso is not clear on what is meant by an “employee fraud.” Explain the meaning of fraud to Edward and give an example of frauds that might occur at a bank.

_________________________________________________________________________________

  • Bob and Lisa are both married, working adults. They both plan for retirement and consider the $2,000 annual contribution a must.

    First,  consider Lisa’s savings. She began working at age 20 and began making  an annual contribution of $2,000 at the first of the year beginning with  her first year. She makes 13 contributions. She worked until she was 32  and then left full time work to have children and be a stay at home  mom. She left her IRA invested and plans to begin drawing from her IRA  when she is 65.

    Bob started his IRA at age 32. The first 12 years  of his working career, he used his discretionary income to buy a home,  upgrade the family cars, take vacations, and pursue his golfing hobby.  At age 32, he made his first $2,000 contribution to an IRA, and  contributed $2,000 every year up until age 65, a total of 33 years /  contributions. He plans to retire at age 65 and make withdrawals from  his IRA.

    Both IRA accounts grow at a 7% annual rate. Do not consider any tax effect.   

  • Write a two to three (2-3) paragraph summary in which you:

    • Create a chart summarizing the details of the investment for both Bob and Lisa.     
    • Explain the results in terms of time value of money.
      ____________________________________________________________________
      Dear FIN 100,
      The second homework assignment for week-6 deals with a series of time-value-of-money problems.

      For the Lisa scenario there are actual two TVM problems.  The first  section addresses the FVAD.  Not that the present value is zero, and the  payment is made at the beginning of the year.   You will then have to  invest the FVAD amount as a PV for the second scenario.  You should  determine the FV amount at her retirement age of 65 years old.
      For the Bob scenario, you are also find the FVAD.  Bob is making 33 contributions at the beginning of the year.
      Remember  to provide your work in Excel and provide a chart or some summation of  your calculations and time-lines for each person.  Please summarize your  results for both of their retirement accounts.
      You may want to review the TVM links provided on the announcement page.
      You  may also want to review the following links regarding the IRA accounts,  both traditional and Roth IRAs, for your own general knowledge.

      https://www.irs.gov/Retirement-Plans/Traditional-IRAs
      https://www.irs.gov/Retirement-Plans/Roth-IRAs
      https://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics-IRA-Contribution-Limits

"96% of our customers have reported a 90% and above score. You might want to place an order with us."

Essay Writing Service
Affordable prices

You might be focused on looking for a cheap essay writing service instead of searching for the perfect combination of quality and affordable rates. You need to be aware that a cheap essay does not mean a good essay, as qualified authors estimate their knowledge realistically. At the same time, it is all about balance. We are proud to offer rates among the best on the market and believe every student must have access to effective writing assistance for a cost that he or she finds affordable.

Caring support 24/7

If you need a cheap paper writing service, note that we combine affordable rates with excellent customer support. Our experienced support managers professionally resolve issues that might appear during your collaboration with our service. Apply to them with questions about orders, rates, payments, and more. Contact our managers via our website or email.

Non-plagiarized papers

“Please, write my paper, making it 100% unique.” We understand how vital it is for students to be sure their paper is original and written from scratch. To us, the reputation of a reliable service that offers non-plagiarized texts is vital. We stop collaborating with authors who get caught in plagiarism to avoid confusion. Besides, our customers’ satisfaction rate says it all.

© 2022 Homeworkcrew.com provides writing and research services for limited use only. All the materials from our website should be used with proper references and in accordance with Terms & Conditions.

Scroll to Top