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

Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

About Wridemy

We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.

How It Works

To make an Order you only need to click on “Place Order” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Are there Discounts?

All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.

Hire a tutor today CLICK HERE to make your first order