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David and Eliza are married and under 65 years of age. During 2004, they furnish more than half of the support of

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David and Eliza are married and under 65 years of age. During 2004, they furnish more than half of the support of their 18-year old son, Timothy. Timothy earns $4,000 from a part-time job, most of which he sets aside for future college expenses. During 2004, they also furnish more than half of the support of their 25-year old son, Rick, who is a full-time college student. Rick earns $4,000 from a part-time job, most of which he currently spends for college expenses. David and Eliza also provide more than half of the support of David’s cousin who lives with them for the entire year. How many personal and dependency exemptions should David and Eliza claim?

a. Two.
b. Three.
c. Four.
d. Five.
e. Six.

1. Can you explain the difference between “simple” and “compound” interest? Please provide some of the uses of compound interest in business.

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1. Can you explain the difference between “simple” and “compound” interest? Please provide some of the uses of compound interest in business.
I also need to know the effects of using compound interest when evaluating future value transactions and calculations.

2. What is “present value”? What is an example of the “present value” concept? How does a single cash flow present value example differ from an annuity calculation?

3. How is a home mortgage an example of TVM? How can you show that more interest is paid at the beginning of a loan period than at the end?

What do you see for the future of XML? Obviously, one of the largest problems will be deciding on schemas. How do

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What do you see for the future of XML? Obviously, one of the largest problems will be deciding on schemas. How do you think this should be done? Propose a way to manage schemas in different companies, industries, and business in general. What pitfalls can you work around?

1. Over the past several years, Helen Chang has been able to save regularly. As a result, today she has $14,188 in savings and investments. She wants to

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1. Over the past several years, Helen Chang has been able to save regularly. As a result, today she has $14,188 in savings and investments. She wants to establish her own business in 5 years and fells she will need $50,000 to do so.

a. If Helen can earn 12% on her money, how much will her $14,188 be worth in about 5 years? Will Helen have the $50,000 she needs? If not, how much more will she need?

b. Given your answer to part a, how much will Helen have to save each year over the next 5 years to accumulate the additional money, assuming she can earn interest at a rate of 12%?

c. If Helen can afford to save only $2000 a year, given your answer to part a, will she have the $50,000 she needs to start her own business in 5 years?

Kim has arranged a meeting with you and the head of manufacturing because she thinks you need to explain to him the time value of money. Kim is concerned that many of

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Kim has arranged a meeting with you and the head of manufacturing because she thinks you need to explain to him the time value of money. Kim is concerned that many of the manufacturing projects that have been pursued are based on the payback period and do not recognize that a dollar received 3 years from now is not the same as a dollar received today.

You decide to put an illustration together to review with Bob, the head of manufacturing, showing how much US$1 would decline at a 3% interest rate over a 5-year time period. You will describe the decline each year, starting with the current year. Since Bob is a strong believer in the payback period, you decide to also explain the pros and cons of the payback period.

How much will accumulate in an an account with an initial deposit of $100, which earns 10% interest compounded quarterly for three years?

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How much will accumulate in an an account with an initial deposit of $100, which earns 10% interest compounded quarterly for three years?

a. 107.69
b. 133.10
c. 134.49
d. 313.84