Misc.
6.2% as a decimal
0.062
What type of companies have stocks?
corporations
If an item is straight line depreciating, is the slope positive or negative value?
negative slope
Why might a person budget?
To spend less money, to save for an item, to reduce debts, to have more financial security
What age do you need to be to collect the full amount of your social security benefits?
67 years old
Steps to calculate the mean
Add the number, then divide by how many
What does "52-wk Low" represent?
The lowest value a stock sold for in the last 52-weeks (or a 12 month period)
Name an item that typically depreciates in value over time
cars, used items (clothing, shoes, appliances)
What is an example of a financial asset?
anything that is owned
house, land, car, items with value (stocks, diamonds, gold)
What is social security benefits?
Money received once a month when you stop working after a certain age. You pay a percentage into this each paycheck.
If I put 15% on a house costing $450,000, how much is my down payment
$67,500
Vanessa bought $4,000 worth of stocks from a broker and a few years later the stocks were valued at $6500. What is the capital gain or loss, explain.
capital gain of $2,500
you subtract new - old, so 6500-4000
Calculate the median of the numbers: 5, 8, 3, 2, 4, 9, 10, 2, 4, 5, 6, 3, 4. Explain.
put them from least to greatest: 2, 2, 3, 3, 4, 4, 4, 5, 5, 6, 8, 9, 10.
Count to the middle value, which is 4.
what do you type into excel to add up a column of values quickly?
=SUM(
then highlight values to add
What is the difference between ROTH and Traditional retirement account?
ROTH- is taxed now and does not reduce your taxable income, when withdrawing during retirement no income taxes are paid
Traditional-is tax deferred so reduced taxable income, when withdrawing during retirement income taxes are paid
what is the slope between the two points:
(2, -5) and (-7, 4)
(4+5)/(-7-2) = -9/9 = -1
On Monday the stocks opened at $125 and Friday the closing value was $120. what is the percent change?
-4%
How can you change the formula below to represent an appreciation situation?
y=a(1 - r)^x
y=a(1 - r)^x change the minus r to a positive rate
y=a(1 + r)^x
What is net pay?
It is the gross pay minus all deductions. It is the amount made AFTER taxes and deductions are taken out. Also known as take home pay.
Blythe is 25 years old. She is planning on retiring in 35 years. She has opened a traditional IRA with an APR of 3.1% compounded monthly and deposits $350 each month. Her taxable income for that year was $81,223. How much money does she deposit for the year and what was her gross pay prior to her contributions?
find the total deposited amount for the year: 350 *12 = 4200
Then add that to the taxable income: 4200 + 81223 = 85423
Income prior to contributions: $85,423
If I make $1,400 weekly, what is my monthly salary?
First Find annual salary: 1400 * 52 = $72,000
THEN convert it to monthly: 72000/12 = $6066.67
Elyse owns 1,500 shares of a corporation that pays a semiannual dividend of $0.81 per share. How much should she expect to receive in a year?
.81*2=1.62 per share
1.62*1500=$2,430
What would be the y-intercept for the situation: I bought my car for $26,000 and after 16 years it fully depreciated to a value of zero dollar.
y-intercept is the starting value (time, value)
(0, 26000)
My liabilities total to about $2,200 per month and my income with investments is $5,500 per month. What is my debt to income ratio?
(2200/5500) * 100 = 40%
Leah is 27 years old. She plans to open a retirement account. She wants to have $300,000 in the account when she retires at age 62. How much must she deposit each month into an account with an APR of 3.25% to reach her goal?
type into desmos
deposit: $384.31