Thursday, September 30, 2010
Thursday sept 30th
today in class we we able to ask Mr. Max questions involving to preview test. Learnt quite abit! but mostly important we had a work period to ask him questions on what we needed help on!
September 28th
On tuesday this week we were given a practice test to help us figure out what we know and where we are at in terms of financial math. The practice test contains the things we have been learning in class such as budgets, lease vs. buy, payments, interest rates, mortgages, etc.
Wednesday, September 29, 2010
Work Period/ Prep Time for TEST next week!
Today in class we worked on our practice test problems that will be similar to the questions on the the test. The Financial Math Test will be some time next week. After working on the sample questions we were to work on a Formula Sheet that we create and will be able to use on the test next week.
Monday, September 27, 2010
URIAH THE BLOGGER
Mmm, I'm the blog scribe today... Today being that of 3:03, September 27, Monday.
Today we have learned the significance of a hunch, and the power of an idea. Twitter began a idea, a simple program with the single intention of being able to post little messages to anyone who cares. Now today its massive, lots of people use twitter.
At anyrate today consisted of mainly work as time was given for us to work on the two math Personal Finance Questions 3 and 5. Mr Maksymchuk was open for any questions you may have had.
--Extra stuff--
JOKES
Q: What do you get if you divide the cirucmference of a jack-o-lantern by its diameter?
A: Pumpkin Pi!
=D
A mathematician is flying non-stop from Edmonton to Frankfurt with AirTransat. The scheduled flying time is nine hours.
Some time after taking off, the pilot announces that one engine had to be turned off due to mechanical failure: "Don't worry - we're safe. The only noticeable effect this will have for us is that our total flying time will be ten hours instead of nine."
A few hours into the flight, the pilot informs the passengers that another engine had to be turned off due to mechanical failure: "But don't worry - we're still safe. Only our flying time will go up to twelve hours."
Some time later, a third engine fails and has to be turned off. But the pilot reassures the passengers: "Don't worry - even with one engine, we're still perfectly safe. It just means that it will take sixteen hours total for this plane to arrive in Frankfurt."
The mathematician remarks to his fellow passengers: "If the last engine breaks down, too, then we'll be in the air for twenty-four hours altogether!"
END OF JOKES
/)_/)
(X.x) ----- Zombie bunny
(_00
Anywaaaaaaaaaaaay
You can thank the jokes to
http://www.math.ualberta.ca/~runde/jokes.html
Im calling off.
Today we have learned the significance of a hunch, and the power of an idea. Twitter began a idea, a simple program with the single intention of being able to post little messages to anyone who cares. Now today its massive, lots of people use twitter.
At anyrate today consisted of mainly work as time was given for us to work on the two math Personal Finance Questions 3 and 5. Mr Maksymchuk was open for any questions you may have had.
--Extra stuff--
JOKES
Q: What do you get if you divide the cirucmference of a jack-o-lantern by its diameter?
A: Pumpkin Pi!
=D
A mathematician is flying non-stop from Edmonton to Frankfurt with AirTransat. The scheduled flying time is nine hours.
Some time after taking off, the pilot announces that one engine had to be turned off due to mechanical failure: "Don't worry - we're safe. The only noticeable effect this will have for us is that our total flying time will be ten hours instead of nine."
A few hours into the flight, the pilot informs the passengers that another engine had to be turned off due to mechanical failure: "But don't worry - we're still safe. Only our flying time will go up to twelve hours."
Some time later, a third engine fails and has to be turned off. But the pilot reassures the passengers: "Don't worry - even with one engine, we're still perfectly safe. It just means that it will take sixteen hours total for this plane to arrive in Frankfurt."
The mathematician remarks to his fellow passengers: "If the last engine breaks down, too, then we'll be in the air for twenty-four hours altogether!"
END OF JOKES
/)_/)
(X.x) ----- Zombie bunny
(_00
Anywaaaaaaaaaaaay
You can thank the jokes to
http://www.math.ualberta.ca/~runde/jokes.html
Im calling off.
Buying and leasing advantages and disadvantages
Today in math class we had a big discussion on the advantages and disadvantages of both leasing and buying. We were assigned a piece of sticky note and we had to do research on the differances between buying and leasing and share all of our answers.
Thursday, September 23, 2010
Tuesday, September 21, 2010
D.E.R and G.D.S.R
Today is September 21st, second day of randomising blog scribe's. Of course I was chose second.
We are doing something called D.E.R(debt equity ratio), G.D.S.R in reverse, and sample 2 part case study with recommendations.
Also a reminder that we have a test next Thursday?
We are doing something called D.E.R(debt equity ratio), G.D.S.R in reverse, and sample 2 part case study with recommendations.
Also a reminder that we have a test next Thursday?
Wednesday, September 15, 2010
The Fourth Question
It's is clear that under the current circumstances Arielle the tattoo artist would have to pay a fine total of $43 085 for a new vehicle (GST, interest, everything included) if she was to pay $1289.38 in regular monthly intervals for a total of 36 months.
It is then discovered that Arielle is offered a lease for the SUV for three years. If she is to accept she would end up paying $61 a month for a grand total of $2194.44at the end of her contract.
Then in the event she was to do that, she has considered perhaps buying the vehicle at the end of 3 years. The value of the vehicle (payments, interest, gst) will be $23269.75 at the eve of the third year to her.
As a recommendation we would recommend that Arielle was to purchase the vehicle at the end of her three year contract as it would end up being significantly cheaper.
Any advantage related to the sudden purchase of the vehicle instead of participating in the three year contract would be of the following.
-She'll have vehicle in her possession instantly instead of having it through a lease.
Signed UriAh and ClarKe
It is then discovered that Arielle is offered a lease for the SUV for three years. If she is to accept she would end up paying $61 a month for a grand total of $2194.44at the end of her contract.
Then in the event she was to do that, she has considered perhaps buying the vehicle at the end of 3 years. The value of the vehicle (payments, interest, gst) will be $23269.75 at the eve of the third year to her.
As a recommendation we would recommend that Arielle was to purchase the vehicle at the end of her three year contract as it would end up being significantly cheaper.
Any advantage related to the sudden purchase of the vehicle instead of participating in the three year contract would be of the following.
-She'll have vehicle in her possession instantly instead of having it through a lease.
Signed UriAh and ClarKe
Number 13 Solution
QUESTION:
Forrest wants to have $250,000 saved by the age of 40 so that he can travel for 5 years. He currently had $5,000 invested and plans to invest money every month into an account that gives a 9.3% rate of return. How much should he invest if inflation is estimated to be 2.6% per year over that period?
ANSWER:
He invests $535.52 monthly.
Forrest wants to have $250,000 saved by the age of 40 so that he can travel for 5 years. He currently had $5,000 invested and plans to invest money every month into an account that gives a 9.3% rate of return. How much should he invest if inflation is estimated to be 2.6% per year over that period?
ANSWER:
He invests $535.52 monthly.
Answer to number ten!
We are not too sure on our math, but we believe these are the solutions to the many questions of the ever so wonderful question of number ten. (It's kind of hard)
A) In total Nick invest's $30,000.
B) Nick has $32,700 at the end of the 25 year investment period.
C) Nick has 35,900 at the age of 55.
D) Rey invest's $120,000 in total.
E) Rey has $1,452,000 at the age of 55.
F) Rey ended up with alot more money but this is because he gave more money for almost the same amount of time. If he had given more money for way less time, then he would have had way less money.
A) In total Nick invest's $30,000.
B) Nick has $32,700 at the end of the 25 year investment period.
C) Nick has 35,900 at the age of 55.
D) Rey invest's $120,000 in total.
E) Rey has $1,452,000 at the age of 55.
F) Rey ended up with alot more money but this is because he gave more money for almost the same amount of time. If he had given more money for way less time, then he would have had way less money.
Answer to # 12
The answer to # 12 is $827.78382. This was solved by using the basic savings calculator .Below is a link to the calculator.
www.msn.stockgroup.com/basicsavingscalculator.asp?lang=en
www.msn.stockgroup.com/basicsavingscalculator.asp?lang=en
Tuesday, September 14, 2010
Tyler & Bob's Answer to number 6
The answer to number six is that J.P.'s family after the move will need to pay $98,784.
Monday, September 13, 2010
answer for #seven
The answer for number 7 is $24382.45 when using the 4.2% interest rate . We solved the question by using a compound interest calculator off google.
http://http//www.moneychimp.com/calculator/compound_interest_calculator.htm
http://http//www.moneychimp.com/calculator/compound_interest_calculator.htm
Formulas
What's a TVM solver? What's the formula for net worth? What's a debt/equity ratio? What's the difference between appreciate and depreciate?
These are important questions that you need to be able to answer, as soon as you can.
RM
These are important questions that you need to be able to answer, as soon as you can.
RM
We think that we can do...
Financial Math questions #1, 3, 5, 9, 14.....
Now, having said that....
Pick a partner, pick a problem from ONE OF THE OTHER ONES (ONE, SINGULAR), call dibs, and get started. You'll be presenting what you've learned in a day or so....
RM
Now, having said that....
Pick a partner, pick a problem from ONE OF THE OTHER ONES (ONE, SINGULAR), call dibs, and get started. You'll be presenting what you've learned in a day or so....
RM
Friday, September 10, 2010
Welcome Back!
To all y'all. People will think this blog originates in the Southern U.S. if I keeping speaking this way.
Ciao. (That'll confuse 'em)
RM
Ciao. (That'll confuse 'em)
RM
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