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Words 301

Pages 2

...component parts. These parts cost Jobs $40 and the blue boxes were mainly sold to students in dorms and door-to-door for $150. Jobs and Wozniak shared the profits from the sale of the blue boxes. Though this venture was profitable, they ceased operations for fear of a police crackdown. Around this same time, Atari had been gaining popularity through the sales of their video games and was looking to advance their success even further. Jobs, who was still working for the company, was approached by Atari founder, Nolan Kay Bushnell. Bushnell invited Jobs to develop the circuitry that would transform the popular game, Pong into something more innovative. Jobs was given four days to create this new game called Breakout. Knowing that this project was beyond his capabilities, he contacted his friend, Steve Wozniak to help him accomplish the task. Wozniak was excited to take on the challenge. Four days was not a lot of time to accomplish what needed to be done given that Wozniak was now working full time at HP. To accomplish the task, Wozniak worked at HP during the day and then worked with Jobs during the evenings and nights. In four days time, they accomplished what they sat out to do. They were both very proud of their work. They created a viable game that took a high level of technical skill and did it under relatively intense time pressure. The two split the $700 compensation paid by Atari, however to Wozniak the real compensation was Journal of the International......

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...Financial Project Bruce Evans Dr. Mohamad S. Haj-Mohamadi MAT 104 – Algebra with Applications February 12, 2012 Strayer University Financial Project Explain how much additional money you would need to add to your monthly payment to pay off your loan in 20 years instead of 25. Considering the housing bust of 2008 and the current state of the U.S. economy, this is a situation that far too many of us have found ourselves facing. To premise, when considering paying off a simple interest loan or mortgage before its maturity date, one must also understand that your Principal and Interest (P&I) payment is still based on the original amount financed at the original interest rate. Paying monies over and above P&I will subsequently reduce the term in which you finance the loan; yet, without penalty. If your current P&I is $706.12 at 5.75% fixed for 30 years and you want to pay off your mortgage five years early, then you would need to pay $143.40 over and above your current P&I payment. Explain whether or not it would be reasonable to do this if you currently meet your monthly expenses with less than $100 left over. It is neither reasonable nor feasible to consider paying additional monies to pay off your mortgage before its maturity date if it will cost you more than an additional $100 per month and you have less than $100 per month in discretionary income. Identify the highest interest......

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...Assignment 1: Financial Project Due Week 6 and worth 15 points Five years ago, you bought a house for $151,000, with a down payment of $30,000, which meant you took out a loan for $121,000. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following information: Escrow payment $211.13 Principle and Interest payment $706.12 Total Payment $917.25 Current Loan Balance $112,242.47 Write a 1-2 page paper in which you: Explain how much additional money you would need to add to your monthly payment to pay off your loan in 20 years instead of 25. Explain whether or not it would be reasonable to do this is if you currently meet your monthly expenses with less than $100 left over. It might be possible to pay the current balance off in 20 years if you refinanced the loan at a lower interest rate. The interest rate that you qualify for will depend, in part, on your credit rating. Identify the highest interest rate you could refinance at in order to do this and determine the interest rate that would require a monthly total payment that is less than your current total payment. Also, refinancing costs you $2000 up-front in closing costs. Explain whether it is more or less reasonable to consider refinancing your loan. In order to answer this, you need to look at different interest rates. Know that if you refinance, your minimum monthly payments will be based on a 30-year loan (though you......

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...The Financial Project Clifford Brown Course: Math 104 Professor: Bonnie Kegan Strayer University November 13, 2012 The purpose of this assignment is to explain what financial adjustments would need to be made in order to achieve a shorter amortization on the loan in question. The loan that we will discuss is based on the following information: Current balance is $112,242.47 The principle payment is $706.12 The Escrow payment is $211.13 The total payment 917.25 To address the subject we will use a series of questions. The first question is: How much money will need to be added to the current monthly payment in order to pay the loan of in 20 years instead of 25 years? The current payment on the loan is $706.12, and the new payment would be $788.03, therefore the answer to this question is $81.91. The next concern would be whether or not it would be reasonable to make such a change in ones existing mortgage if you had less than $100.00 left with the mortgage as it currently is now. This question requires us to evaluate whether or not we could carry out our daily routines with a modest $18.09 left over every month. Under these circumstances I find that it would be a poor choice to become committed to any such arrangement. However, one could sacrifice and make additional payments on less frequent intervals. This would mean that we should evaluate another approach to solve the issue of paying the loan off early. Often time’s people refinance their mortgages at......

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...Current asset include inventory product you sell and accounts receivable are your credit accounts Converting balances to cash Inventory turnover ratios can tell you how fast or slow the inventory is selling. Accounts receivable ratios can tell you if your customers are paying you or not. You need more assets than liabilities on your balance sheet at all times. How much cash a business generates and how much cash from core operations. The company will struggle to succeed if it has less money. Finical ratios are tools used for internal and external evaluations of the business performance Its effectiveness in business management for both large and small businesses The value of financial ratios are means of comparing and predicting firm performance to investors efficiency and profitability of a firm In financial statement analysis the performance of the business is based on return of investment over time. When considering borrowing money to run a business careful planning is a must. Small businesses choose dept. financing when federal interest rates are low they have property for collateral and expected future growth in agreement to pay back with interest rather you make it or not it can be useful for businesses with good credit revenues earnings and cash flow. A dept. paid on time is a good credit rating not making regular monthly payments can cause a problem when small companies have shortage of cash flow causing penalties and there credit rating will go down and many times......

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...Financial Project Overview Five (5) years ago, you bought a house for $171,000, with a down payment of $30,000, which meant you took out a loan for $141,000. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following information: Escrow payment $261.13 Principle and Interest payment $822.84 Total Payment $1,083.97 Current Loan Balance $130,794.68 Part 1 With your current loan, explain how much additional money you would need to add to your monthly payment to pay off your loan in 20 years instead of 25. Decide whether or not it would be reasonable to do this if you currently meet your monthly expenses with less than $100 left over. Explain your strategy for solving the problem. I would begin the process by using the amortization formula to determine what my monthly payments would be by paying off the current loan balance in 20 years instead of the 25 years that remain on my initial loan. Present a step-by-step solution of the problem. I would begin my process by determining what my current loan balance is. In this case it is $130,794.68. By knowing the future value, rate, time, and number of payments I can use the Amortization Formula to calculate what the new monthly payments would be. P=m[(1-〖(1+i)〗^(-nt))/(r/n)] P=130,794.68 r=.0575 t=20 n=12 m=130,794.68((.0575)/12)/(1-(1+(.0575)/12)^(-(12)(20)) ) m=626.7245083/(1-(1.004791667)^(-240)......

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...Click the link above to submit your assignment. Students, please view the "Submit a Clickable Rubric Assignment" in the Student Center. Instructors, training on how to grade is within the Instructor Center. Assignment 2: Financial Project Due Week 7 and worth 55 points Five (5) years ago, you bought a house for $171,000, with a down payment of $30,000, which meant you took out a loan for $141,000. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following information: Escrow payment $261.13 Principle and Interest payment $822.84 Total Payment $1,083.97 Current Loan Balance $130,794.68 Write a one to two (1-2) page paper in which you address the following: Part 1 With your current loan, explain how much additional money you would need to add to your monthly payment to pay off your loan in 20 years instead of 25. Decide whether or not it would be reasonable to do this if you currently meet your monthly expenses with less than $100 left over. •(a) Explain your strategy for solving the problem. •(b) Present a step-by-step solution of the problem. •(c) Clearly state your answer to Part 1. What is your decision? Part 2 Identify the highest interest rate you could refinance at in order to pay the current balance off in 20 years and determine the interest rate, to the nearest quarter point, that would require a monthly total payment that...

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...Assignment 2: Financial Project Coming up with a plan to eliminate five years off of a home loan, in my opinion, the first thing to do is verify where you are on the schedule, and change one variable to measure its effect. The variable to be changed would be reducing the remaining amount of time on your loan from 25 years to 20. Next I would gather all the specific information on my loan, then change the amount of time left on my loan and determine the monthly principal and interest payment. The loan was originally for $141,000. The interest rate was 5.75% fixed. The principal and interest payment is $822.84. After sixty payments the remaining principal balance is $130,794.68. The new mortgage payment for principal and interest to reduce the remaining years left on the loan from 25 years to 20 is $919.29. Next, add that to the $261.13 escrow for taxes and insurance, and then the total monthly payment is $1,180.42. This would be a monthly increase of $95.44. The formula I used is: PMT = (240, 5.75/12, 130.794.68) where 240 = the number of remaining monthly payments, 5.75/12= the monthly interest cost, and $130,794.68 is the current principal. This would leave less than $5.00 to manage its monthly spending. This would make paying off the mortgage five years faster a bad idea because of the normal everyday unexpected things that happen in life. In order to identify the highest interest rate you could refinance at in order to pay the current balance off in 20......

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...------------------------------------------------- Financial Project Five years ago, I bought a house for $171,000, with a down payment of $30,000, which meant I took out a loan for $144,000. My interest rate was 5.75% fixed. I am now contemplating making a change to what I have already committed to. At present I see that there are two options that I can consider to make a change. The first would be to pay off the remaining principle in 20 years instead of 25 years. The second is to see if refinancing could be a consideration. Based off of my findings, I would choose one of the changes or just continue paying the loan as is. The first thing that I did was to check my bank statement and this is what I found: Escrow payment | $261.13 | Principle and Interest payment | $822.84 | Total payment | $1083.97 | Current Loan Balance | $130794.68 | Currently I am able to make my monthly payments as well as pay my other bills for my house. Although, I am left with a little less than a $100 to live off of each month, I would still like to see if it is possible for me to add to my monthly payments to pay off my house in 20 years. To solve my dilemma, I used the periodic payment method. I found out that I would have to add $95.45 to my monthly payment to pay off my loan in 20 years. I think that it would be unreasonable to try to pay off the loan in 20 years versus 25 years due to my current financial standing. To reach the add-on figure of $95.45, I used the periodic......

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...1. Response to CEO, "Shifting of staff from less important projects to Financial Project” : Working within Zarif Fiction Corporation, finance department requires well versed and well trained staff in finance related projects including terminology and expertise. The level of knowledge and skill required for finance department is something that can’t simply be handed to any staff member working outside financial department or less important projects. Though staff in other departments requires relevant experience, it’s not directly related to projects handled in financial department and don’t meet the qualifications to handle such projects with professionalism. More specifically, the duties and responsibilities of the CEO include the following: To lead, in conjunction with the Board, Company’s long and short term plans in accordance the development of the Company’s strategy. The Company is appropriately organized and staffed and to have the authority to hire and terminate staff as necessary to enable it to achieve the approved strategy. Appropriately organized and staffed and to have the authority to hire and terminate staff as necessary to enable it to achieve to ensure that expenditures annual budget of the Company. The principal risks of the Company and to ensure that these risks are being monitored and managed. To communicate effectively with shareholders, employees, Government authorities, other stakeholders and the public, effective internal......

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...Financial Project Algebra with Applications – MAT 104 August 07, 2011 Currently you’ve meet your monthly expenses with nothing left over in order to pay the loan off in 20 years its best if you don’t refinance to reduce the cost per month. The method I used is to calculate the monthly payment if you start with the present loan balance, interest rate equals the number of payments. Then compare it with your recent payment; the difference will let you know if you can afford or it not. In order to refinance your loan, you’ll start it all over again then compare the results. The recommended course of action are as follows paying the current loan balance at the interest rate over 20 years there would be a difference left over. And it’s less reasonable to refinance if you’re paying more per month to reduce the cost. Paying for 25 years and if you choose to refinance the loan the more money you will have to pay each month. So the best option in this case is to go ahead and pay the loan within 20 years without financing. Paying additional to go ahead and pay the loan off quicker. The formula used was C = (P(r/12) / (1-(1+[r/12])^(-m). To avoid any incorrect calculations I referred to my financial calculator and performed a few steps and came up with the current loan balanced of 125,911.86 at 5.6% over 20 years, the payment would be 887.13 leaving a difference of 106.38. It would be unreasonable to refinance and pay an extra 106.38 per month to......

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...Introduction Financial analysis (also referred to as financial statement analysis or accounting analysis) refers to an assessment of the viability, stability and profitability of a business, sub-business or project. It is defined as “The process of evaluating businesses, projects, budgets and other finance-related entities to determine their suitability for investment.” Typically, financial analysis is used to analyze whether an entity is stable, solvent, liquid, or profitable enough to be invested in. When looking at a specific company, the financial analyst will often focus on the income statement, balance sheet, and cash flow statement. In any organization, the two important financial statements are the Balance sheet & Profit and loss account of the business. Balance sheet is a statement of the financial position of an enterprise at a particular point of time. Profit and loss account shows the net profit or net loss of a company for a specified period of time. When these statements of the last few year of any organization are studied and analyzed, significant conclusions may be arrived regarding the changes in the financial position, the important policies followed and trends in profit and loss etc. Analysis of financial statement is necessary because it help in depicting the financial position on the basis of past and current records. Analysis of financial statement help in making the future decision and strategies.......

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...Financial Project Five years ago I bought a house for $171,000. I made a down payment of $35,000 therefore taking out a loan for $136,000. I am now five years into a 30 year loan that has a 5.6% fixed interest rate and would like to pay more. After receiving a bank statement I found I have a $121,259.44 balance left on my loan. I have been thinking about switching jobs or picking up a part time job since I am just making enough money to cover my expenses and I want to pay off my loan faster. I have also given thought to refinancing my house and whether it is worth it. Is paying a little extra monthly, therefore reducing my loan by five years (option 1), worth it? Should I refinance instead (option 2)? I did my research and what I found surprised me. Currently I have twenty five years left on my mortgage but I would like to pay it off in twenty. Since I am tight on money I had to find exactly how much extra money I would need to pay every month to shorten my loan to 240 payments or twenty years. If I pay an extra $90 a month towards my principle, I will shorten my loan to twenty years and save about $23,914 in interest. This is very reasonable because before I would have paid about $104,310 solely in interest over the remaining life of the loan. I believe it is a waste to pay so much of the loan directly towards interest, by paying an extra $90 per month I am able to drop this total interest to about $80,397. I can easily see myself working couple hours a week to pay......

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...Assignment 1: Financial Project Assignment 1: Financial Project Five years ago, you bought a house for $151,000.00 with a down payment of $30,000, which meant you took a loan for $121,000.00. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following information: Escrow Payment: $211.13 Principle And Interest Payment: $706.12 Total Payment: $917.25 Current Loan Balance: $112,242.47 Explain how much additional money you would need to add to your monthly payment to pay off your loan in 20 years instead of 25 years. If you took 25 years to pay off your loan the monthly payment would be $761.22 per month. If it took 20 years to pay off your loan the monthly payments would be $849.52 per month. So if you wanted to pay off the loan in 20 years you would need to raise your total monthly payment by $88.30 per month. Explain whether or not it would be reasonable to do this if you currently meet your monthly expenses with less than $100.00 left over. Yes you would be able to meet your monthly expenses. Again, if the monthly payment is only $88.30 over your normal payment and you have less than $100.00 left over than you could make the additional monthly payment. But that would not leave much money left over after you made the additional monthly payment. It might be possible to pay the current balance off in 20 years if you refinanced the loan at a lower interest rate. The......

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...Background The following project uses the game of Guess Your Card. This is a game in which each player draws (without looking) three cards. Each card has a number between 1 and 9 on it. The players then place their cards on their heads so that everyone but themselves can see the cards. The object of the game is to guess what cards you have. The first person to do this correctly wins. During the play, each player, in turn, draws a question at random from a stack of questions. The player then answers the question based on the cards that they see (not their own cards, which they cannot see). An Example Andy has the cards 6, 6, & 7 Belle has the cards 3, 6, & 7 Carol has the cards 1, 1, & 9 Dan has the cards 3, 4, & 8 Andy draws the question card, “How many 7s do you see?” He answers, “one,” because he cannot see the 7 on his own head; he sees only the 7 on Belle's head. Next Belle draws the question card, “Of the four even numbers, how many different even numbers do you see?” She answers, “Three,” because she sees the 4, 6, and 8 on Andy and Dan's head. From this, Dan can conclude he has two even cards, since he can only see a 6 and Belle sees two more. Situation You are playing Guess Your Card with three other players. Here is what you see: Andy has the cards 1, 3, & 7 Belle has the cards 3, 4, & 7 Carol has the cards 4, 6, & 8 Andy draws the question card, “Do you see two or more players whose cards sum to the same value?” He answers,......

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