anonymous
  • anonymous
Can someone please check this?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
@jim_thompson5910
anonymous
  • anonymous
sure
anonymous
  • anonymous
Gimee a sec ima look over it

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More answers

anonymous
  • anonymous
Everything looks fine I'm not sure how to solve 21 tho
anonymous
  • anonymous
@jim_thompson5910 how would i correct number 2
jim_thompson5910
  • jim_thompson5910
what is the total sum (in dollars) invested in portfolio 1
anonymous
  • anonymous
not sure
jim_thompson5910
  • jim_thompson5910
add up the dollar figures in column 1 (where it says portfolio 1)
anonymous
  • anonymous
9250
jim_thompson5910
  • jim_thompson5910
good
jim_thompson5910
  • jim_thompson5910
now multiply each ROR value by the dollar amount in the same row focus on just portfolio 1 for now
jim_thompson5910
  • jim_thompson5910
once you get done multiplying, add up those results and tell me what you get
anonymous
  • anonymous
i dont understand do i have to multiply every single ror with the total sum
jim_thompson5910
  • jim_thompson5910
ex: multiply -0.004 with 2400 to get -9.60
jim_thompson5910
  • jim_thompson5910
convert each percentage to decimal form
anonymous
  • anonymous
got them
anonymous
  • anonymous
i got -9.60,40.82,313.96, -35,and 102.12
anonymous
  • anonymous
@jim_thompson5910
jim_thompson5910
  • jim_thompson5910
add those up to get ???
anonymous
  • anonymous
412.3
anonymous
  • anonymous
????
anonymous
  • anonymous
@jim_thompson5910
jim_thompson5910
  • jim_thompson5910
finally, divide that by 9250 (the sum of the dollar figures)
jim_thompson5910
  • jim_thompson5910
does that make sense?
anonymous
  • anonymous
yes
anonymous
  • anonymous
and i got 0.044572973
jim_thompson5910
  • jim_thompson5910
very good
jim_thompson5910
  • jim_thompson5910
that's the weighted ROR for portfolio 1
jim_thompson5910
  • jim_thompson5910
do the same for portfolio 2 and 3
anonymous
  • anonymous
ok are the other questions bad by the way like are they alot wrong
jim_thompson5910
  • jim_thompson5910
3 and 4 are wrong
jim_thompson5910
  • jim_thompson5910
I'm on 5 now
anonymous
  • anonymous
ok
jim_thompson5910
  • jim_thompson5910
tell me what you get for the other weighted ROR's
anonymous
  • anonymous
ok
anonymous
  • anonymous
Is the order portfolio 3,2,1 @jim_thompson5910
jim_thompson5910
  • jim_thompson5910
what weighted RORs did you get
anonymous
  • anonymous
for portfolio 2 i got 0.048797251 and for the portfolio i got 0.087759517
jim_thompson5910
  • jim_thompson5910
very nice
jim_thompson5910
  • jim_thompson5910
so yeah it's 3, 2, 1
jim_thompson5910
  • jim_thompson5910
3 being the best 1 being the worst
anonymous
  • anonymous
how do i fix 3,4?
jim_thompson5910
  • jim_thompson5910
let's do them one at a time
jim_thompson5910
  • jim_thompson5910
go here http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx type in the given mortgage amount, rate, and time
jim_thompson5910
  • jim_thompson5910
then scroll to June 2025, which is exactly 10 years into the future what is the value in the last column?
jim_thompson5910
  • jim_thompson5910
why 10 years? because of the "10" in "30/10" means that the balloon payment hits after 10 years are up the 30 means this is a 30 year fixed mortgage
anonymous
  • anonymous
168,401.44?
jim_thompson5910
  • jim_thompson5910
good
jim_thompson5910
  • jim_thompson5910
that remaining balance is the balloon payment you either pay it all or refinance it
anonymous
  • anonymous
ok
anonymous
  • anonymous
4?
jim_thompson5910
  • jim_thompson5910
Formula \[\Large FV = \frac{(1+i)^n - 1}{i}\] FV = unknown i = 0.0635/12 = 0.03175 n = 2*7 = 14
anonymous
  • anonymous
ok
anonymous
  • anonymous
I get 17.29035 @jim_thompson5910
jim_thompson5910
  • jim_thompson5910
way too small
jim_thompson5910
  • jim_thompson5910
oh my bad, I left out P
jim_thompson5910
  • jim_thompson5910
that's my fault lol
anonymous
  • anonymous
its ok @jim_thompson5910
jim_thompson5910
  • jim_thompson5910
\[\Large FV = P*\frac{(1+i)^n - 1}{i}\] FV = unknown P = 720*6 = 4320 i = 0.0635/12 = 0.03175 n = 2*7 = 14
anonymous
  • anonymous
74694.34
anonymous
  • anonymous
i had it right lol
jim_thompson5910
  • jim_thompson5910
yeah I'm realizing that just now lol
jim_thompson5910
  • jim_thompson5910
sorry about that
anonymous
  • anonymous
its ok. but i probably had more when you continued to look into it @jim_thompson5910
anonymous
  • anonymous
any more that i had wrong that i need to look into ?
jim_thompson5910
  • jim_thompson5910
5 is correct
jim_thompson5910
  • jim_thompson5910
I'm still on 6
anonymous
  • anonymous
how is going @jim_thompson5910
jim_thompson5910
  • jim_thompson5910
nearly there, I'm on the origination fee now
jim_thompson5910
  • jim_thompson5910
I'm making up a spreadsheet
anonymous
  • anonymous
how is it going? @jim_thompson5910
jim_thompson5910
  • jim_thompson5910
I keep trying various combinations, but I'm not getting any of the answer choices
anonymous
  • anonymous
really?
anonymous
  • anonymous
jim_thompson5910
  • jim_thompson5910
I vaguely remember that, but I don't remember actually calculating out the answer
jim_thompson5910
  • jim_thompson5910
let me think
jim_thompson5910
  • jim_thompson5910
ok I'm only off by about 20 cents at this point, so it's good enough
anonymous
  • anonymous
its ok #7
jim_thompson5910
  • jim_thompson5910
let me think about how to answer 6
jim_thompson5910
  • jim_thompson5910
the answer isn't B, unless I forgot something
jim_thompson5910
  • jim_thompson5910
do you have a breakdown of each subtotal?
anonymous
  • anonymous
nope
anonymous
  • anonymous
@jim_thompson5910
jim_thompson5910
  • jim_thompson5910
I'm getting this 21956+307080+1776.44+1332.33+1397.2+621.95+12685.08+355.288 = 347,204.288
jim_thompson5910
  • jim_thompson5910
did you get that?
jim_thompson5910
  • jim_thompson5910
or something similar to it?
anonymous
  • anonymous
i got b at first but i guess
anonymous
  • anonymous
at least if that at the beginning @jim_thompson5910
jim_thompson5910
  • jim_thompson5910
hmm I'm not sure now, but I think I have the right answer. I'm only off by 20 cents or so. This problem is a pain
anonymous
  • anonymous
how about the rest how are they @jim_thompson5910
jim_thompson5910
  • jim_thompson5910
7 looks good
anonymous
  • anonymous
8?
anonymous
  • anonymous
@jim_thompson5910
jim_thompson5910
  • jim_thompson5910
still thinking
jim_thompson5910
  • jim_thompson5910
do you have the bond rate of return formula?
anonymous
  • anonymous
I believe it is yield = coupon amount/price
jim_thompson5910
  • jim_thompson5910
that seems too small
jim_thompson5910
  • jim_thompson5910
is there anywhere in your notes that mentions the bond rate of return formula?
anonymous
  • anonymous
Divide the future value that you seek in a bond by the bond's face value.For example, if you seek a future value of $15,000 from a $5,000 bond, divide $15,000 by $5,000 to get a multiplier of 3. Step 2 Divide 1 by the term of the bond. For example, if you seek the future value of $15,000 after 20 years, divide 1 by 20 to get 0.05. Step 3 Raise the multiplier to the power of this factor. Continuing the example, raise 3 to the power of 0.05 to get 1.056. Step 4 Subtract 1 from the result, to get 0.056. Step 5 Multiply the answer by 100. With this example, this gives a target annual rate of return of 5.6 percent.
jim_thompson5910
  • jim_thompson5910
the issue is that we don't know what future value we want to target
anonymous
  • anonymous
yeah right?
jim_thompson5910
  • jim_thompson5910
what would that future value be?
anonymous
  • anonymous
i am not sure?
jim_thompson5910
  • jim_thompson5910
same here, i guess it's just best to skip
jim_thompson5910
  • jim_thompson5910
question 9 is incorrect
jim_thompson5910
  • jim_thompson5910
the gov bond is the most secure, so it is the less riskiest
anonymous
  • anonymous
so it would be municipal common stock preferred @jim_thompson5910
jim_thompson5910
  • jim_thompson5910
the municipal bond is the safest
anonymous
  • anonymous
whats the second best common stock?
jim_thompson5910
  • jim_thompson5910
the one that isn't under investigation
anonymous
  • anonymous
got it @jim_thompson5910 10?
anonymous
  • anonymous
i used the compound interest formula for 10
jim_thompson5910
  • jim_thompson5910
10 is correct
anonymous
  • anonymous
11? @jim_thompson5910
jim_thompson5910
  • jim_thompson5910
still working on it
jim_thompson5910
  • jim_thompson5910
hmm I'm getting $660.71 which is too small I think. Let me try again
jim_thompson5910
  • jim_thompson5910
ok I redid it and got $759.69 which is practically $759.70 like you got so it looks good
jim_thompson5910
  • jim_thompson5910
question 12 looks good too
anonymous
  • anonymous
13?
anonymous
  • anonymous
question 13 is bound to be wrong @jim_thompson5910
jim_thompson5910
  • jim_thompson5910
not sure yet
jim_thompson5910
  • jim_thompson5910
13 is correct
anonymous
  • anonymous
14 and 15?
anonymous
  • anonymous
15 was kind of hard for me @jim_thompson5910
jim_thompson5910
  • jim_thompson5910
14 is incorrect
anonymous
  • anonymous
how do i fix it? @jim_thompson5910
jim_thompson5910
  • jim_thompson5910
\[\Large M = \frac{L*i}{1-(1+i)^{-n}}\] M = unknown L = 375500 i = 0.04325/12 n = 12*20 find M
anonymous
  • anonymous
3209.255?
jim_thompson5910
  • jim_thompson5910
try again
anonymous
  • anonymous
2340.27
jim_thompson5910
  • jim_thompson5910
better
anonymous
  • anonymous
thanks how is 15?
anonymous
  • anonymous
@jim_thompson5910
jim_thompson5910
  • jim_thompson5910
15 looks good
anonymous
  • anonymous
16 and 17?
anonymous
  • anonymous
@jim_thompson5910
jim_thompson5910
  • jim_thompson5910
still thinking on 16
jim_thompson5910
  • jim_thompson5910
16 is correct as well
anonymous
  • anonymous
how is it @jim_thompson5910
jim_thompson5910
  • jim_thompson5910
does your lesson give any formulas about prorated taxes? I'm trying to figure out what the start date is
anonymous
  • anonymous
i dont think so
anonymous
  • anonymous
i have checked
jim_thompson5910
  • jim_thompson5910
these problems frustrate me because I get so very close but not quite there exactly. I'm off by a few dollars
anonymous
  • anonymous
what did you get?
anonymous
  • anonymous
@jim_thompson5910
jim_thompson5910
  • jim_thompson5910
one sec
jim_thompson5910
  • jim_thompson5910
Ok I'm getting that she has to pay 1717.78 in taxes and 900.24 in interest Total: 1717.78 + 900.24 = 2,618.02 which is about a dollar off from choice A. So I could be missing something, but idk

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