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anonymous

  • one year ago

Can someone please check this?

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  1. anonymous
    • one year ago
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    @jim_thompson5910

  2. anonymous
    • one year ago
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    sure

  3. anonymous
    • one year ago
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    Gimee a sec ima look over it

  4. anonymous
    • one year ago
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    Everything looks fine I'm not sure how to solve 21 tho

  5. anonymous
    • one year ago
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    @jim_thompson5910 how would i correct number 2

  6. jim_thompson5910
    • one year ago
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    what is the total sum (in dollars) invested in portfolio 1

  7. anonymous
    • one year ago
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    not sure

  8. jim_thompson5910
    • one year ago
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    add up the dollar figures in column 1 (where it says portfolio 1)

  9. anonymous
    • one year ago
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    9250

  10. jim_thompson5910
    • one year ago
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    good

  11. jim_thompson5910
    • one year ago
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    now multiply each ROR value by the dollar amount in the same row focus on just portfolio 1 for now

  12. jim_thompson5910
    • one year ago
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    once you get done multiplying, add up those results and tell me what you get

  13. anonymous
    • one year ago
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    i dont understand do i have to multiply every single ror with the total sum

  14. jim_thompson5910
    • one year ago
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    ex: multiply -0.004 with 2400 to get -9.60

  15. jim_thompson5910
    • one year ago
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    convert each percentage to decimal form

  16. anonymous
    • one year ago
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    got them

  17. anonymous
    • one year ago
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    i got -9.60,40.82,313.96, -35,and 102.12

  18. anonymous
    • one year ago
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    @jim_thompson5910

  19. jim_thompson5910
    • one year ago
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    add those up to get ???

  20. anonymous
    • one year ago
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    412.3

  21. anonymous
    • one year ago
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    ????

  22. anonymous
    • one year ago
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    @jim_thompson5910

  23. jim_thompson5910
    • one year ago
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    finally, divide that by 9250 (the sum of the dollar figures)

  24. jim_thompson5910
    • one year ago
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    does that make sense?

  25. anonymous
    • one year ago
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    yes

  26. anonymous
    • one year ago
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    and i got 0.044572973

  27. jim_thompson5910
    • one year ago
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    very good

  28. jim_thompson5910
    • one year ago
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    that's the weighted ROR for portfolio 1

  29. jim_thompson5910
    • one year ago
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    do the same for portfolio 2 and 3

  30. anonymous
    • one year ago
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    ok are the other questions bad by the way like are they alot wrong

  31. jim_thompson5910
    • one year ago
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    3 and 4 are wrong

  32. jim_thompson5910
    • one year ago
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    I'm on 5 now

  33. anonymous
    • one year ago
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    ok

  34. jim_thompson5910
    • one year ago
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    tell me what you get for the other weighted ROR's

  35. anonymous
    • one year ago
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    ok

  36. anonymous
    • one year ago
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    Is the order portfolio 3,2,1 @jim_thompson5910

  37. jim_thompson5910
    • one year ago
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    what weighted RORs did you get

  38. anonymous
    • one year ago
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    for portfolio 2 i got 0.048797251 and for the portfolio i got 0.087759517

  39. jim_thompson5910
    • one year ago
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    very nice

  40. jim_thompson5910
    • one year ago
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    so yeah it's 3, 2, 1

  41. jim_thompson5910
    • one year ago
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    3 being the best 1 being the worst

  42. anonymous
    • one year ago
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    how do i fix 3,4?

  43. jim_thompson5910
    • one year ago
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    let's do them one at a time

  44. jim_thompson5910
    • one year ago
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    go here http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx type in the given mortgage amount, rate, and time

  45. jim_thompson5910
    • one year ago
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    then scroll to June 2025, which is exactly 10 years into the future what is the value in the last column?

  46. jim_thompson5910
    • one year ago
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    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

  47. anonymous
    • one year ago
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    168,401.44?

  48. jim_thompson5910
    • one year ago
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    good

  49. jim_thompson5910
    • one year ago
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    that remaining balance is the balloon payment you either pay it all or refinance it

  50. anonymous
    • one year ago
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    ok

  51. anonymous
    • one year ago
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    4?

  52. jim_thompson5910
    • one year ago
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    Formula \[\Large FV = \frac{(1+i)^n - 1}{i}\] FV = unknown i = 0.0635/12 = 0.03175 n = 2*7 = 14

  53. anonymous
    • one year ago
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    ok

  54. anonymous
    • one year ago
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    I get 17.29035 @jim_thompson5910

  55. jim_thompson5910
    • one year ago
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    way too small

  56. jim_thompson5910
    • one year ago
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    oh my bad, I left out P

  57. jim_thompson5910
    • one year ago
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    that's my fault lol

  58. anonymous
    • one year ago
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    its ok @jim_thompson5910

  59. jim_thompson5910
    • one year ago
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    \[\Large FV = P*\frac{(1+i)^n - 1}{i}\] FV = unknown P = 720*6 = 4320 i = 0.0635/12 = 0.03175 n = 2*7 = 14

  60. anonymous
    • one year ago
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    74694.34

  61. anonymous
    • one year ago
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    i had it right lol

  62. jim_thompson5910
    • one year ago
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    yeah I'm realizing that just now lol

  63. jim_thompson5910
    • one year ago
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    sorry about that

  64. anonymous
    • one year ago
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    its ok. but i probably had more when you continued to look into it @jim_thompson5910

  65. anonymous
    • one year ago
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    any more that i had wrong that i need to look into ?

  66. jim_thompson5910
    • one year ago
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    5 is correct

  67. jim_thompson5910
    • one year ago
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    I'm still on 6

  68. anonymous
    • one year ago
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    how is going @jim_thompson5910

  69. jim_thompson5910
    • one year ago
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    nearly there, I'm on the origination fee now

  70. jim_thompson5910
    • one year ago
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    I'm making up a spreadsheet

  71. anonymous
    • one year ago
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    how is it going? @jim_thompson5910

  72. jim_thompson5910
    • one year ago
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    I keep trying various combinations, but I'm not getting any of the answer choices

  73. anonymous
    • one year ago
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    really?

  74. anonymous
    • one year ago
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    http://openstudy.com/study#/updates/5487f558e4b0337e71f8b3c8 @jim_thompson5910

  75. jim_thompson5910
    • one year ago
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    I vaguely remember that, but I don't remember actually calculating out the answer

  76. jim_thompson5910
    • one year ago
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    let me think

  77. jim_thompson5910
    • one year ago
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    ok I'm only off by about 20 cents at this point, so it's good enough

  78. anonymous
    • one year ago
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    its ok #7

  79. jim_thompson5910
    • one year ago
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    let me think about how to answer 6

  80. jim_thompson5910
    • one year ago
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    the answer isn't B, unless I forgot something

  81. jim_thompson5910
    • one year ago
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    do you have a breakdown of each subtotal?

  82. anonymous
    • one year ago
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    nope

  83. anonymous
    • one year ago
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    @jim_thompson5910

  84. jim_thompson5910
    • one year ago
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    I'm getting this 21956+307080+1776.44+1332.33+1397.2+621.95+12685.08+355.288 = 347,204.288

  85. jim_thompson5910
    • one year ago
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    did you get that?

  86. jim_thompson5910
    • one year ago
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    or something similar to it?

  87. anonymous
    • one year ago
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    i got b at first but i guess

  88. anonymous
    • one year ago
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    at least if that at the beginning @jim_thompson5910

  89. jim_thompson5910
    • one year ago
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    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

  90. anonymous
    • one year ago
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    how about the rest how are they @jim_thompson5910

  91. jim_thompson5910
    • one year ago
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    7 looks good

  92. anonymous
    • one year ago
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    8?

  93. anonymous
    • one year ago
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    @jim_thompson5910

  94. jim_thompson5910
    • one year ago
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    still thinking

  95. jim_thompson5910
    • one year ago
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    do you have the bond rate of return formula?

  96. anonymous
    • one year ago
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    I believe it is yield = coupon amount/price

  97. jim_thompson5910
    • one year ago
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    that seems too small

  98. jim_thompson5910
    • one year ago
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    is there anywhere in your notes that mentions the bond rate of return formula?

  99. anonymous
    • one year ago
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    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.

  100. jim_thompson5910
    • one year ago
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    the issue is that we don't know what future value we want to target

  101. anonymous
    • one year ago
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    yeah right?

  102. jim_thompson5910
    • one year ago
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    what would that future value be?

  103. anonymous
    • one year ago
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    i am not sure?

  104. jim_thompson5910
    • one year ago
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    same here, i guess it's just best to skip

  105. jim_thompson5910
    • one year ago
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    question 9 is incorrect

  106. jim_thompson5910
    • one year ago
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    the gov bond is the most secure, so it is the less riskiest

  107. anonymous
    • one year ago
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    so it would be municipal common stock preferred @jim_thompson5910

  108. jim_thompson5910
    • one year ago
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    the municipal bond is the safest

  109. anonymous
    • one year ago
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    whats the second best common stock?

  110. jim_thompson5910
    • one year ago
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    the one that isn't under investigation

  111. anonymous
    • one year ago
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    got it @jim_thompson5910 10?

  112. anonymous
    • one year ago
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    i used the compound interest formula for 10

  113. jim_thompson5910
    • one year ago
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    10 is correct

  114. anonymous
    • one year ago
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    11? @jim_thompson5910

  115. jim_thompson5910
    • one year ago
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    still working on it

  116. jim_thompson5910
    • one year ago
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    hmm I'm getting $660.71 which is too small I think. Let me try again

  117. jim_thompson5910
    • one year ago
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    ok I redid it and got $759.69 which is practically $759.70 like you got so it looks good

  118. jim_thompson5910
    • one year ago
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    question 12 looks good too

  119. anonymous
    • one year ago
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    13?

  120. anonymous
    • one year ago
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    question 13 is bound to be wrong @jim_thompson5910

  121. jim_thompson5910
    • one year ago
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    not sure yet

  122. jim_thompson5910
    • one year ago
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    13 is correct

  123. anonymous
    • one year ago
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    14 and 15?

  124. anonymous
    • one year ago
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    15 was kind of hard for me @jim_thompson5910

  125. jim_thompson5910
    • one year ago
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    14 is incorrect

  126. anonymous
    • one year ago
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    how do i fix it? @jim_thompson5910

  127. jim_thompson5910
    • one year ago
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    \[\Large M = \frac{L*i}{1-(1+i)^{-n}}\] M = unknown L = 375500 i = 0.04325/12 n = 12*20 find M

  128. anonymous
    • one year ago
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    3209.255?

  129. jim_thompson5910
    • one year ago
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    try again

  130. anonymous
    • one year ago
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    2340.27

  131. jim_thompson5910
    • one year ago
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    better

  132. anonymous
    • one year ago
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    thanks how is 15?

  133. anonymous
    • one year ago
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    @jim_thompson5910

  134. jim_thompson5910
    • one year ago
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    15 looks good

  135. anonymous
    • one year ago
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    16 and 17?

  136. anonymous
    • one year ago
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    @jim_thompson5910

  137. jim_thompson5910
    • one year ago
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    still thinking on 16

  138. jim_thompson5910
    • one year ago
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    16 is correct as well

  139. anonymous
    • one year ago
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    how is it @jim_thompson5910

  140. jim_thompson5910
    • one year ago
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    does your lesson give any formulas about prorated taxes? I'm trying to figure out what the start date is

  141. anonymous
    • one year ago
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    i dont think so

  142. anonymous
    • one year ago
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    i have checked

  143. jim_thompson5910
    • one year ago
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    these problems frustrate me because I get so very close but not quite there exactly. I'm off by a few dollars

  144. anonymous
    • one year ago
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    what did you get?

  145. anonymous
    • one year ago
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    @jim_thompson5910

  146. jim_thompson5910
    • one year ago
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    one sec

  147. jim_thompson5910
    • one year ago
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    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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is replying to Can someone tell me what button the professor is hitting...

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