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# \$10.001) Calculating the Amount for an Emergen

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• Due on Mar. 23, 2013
• Asked on Mar. 22, 2013 at 11:26:57AM

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1) Calculating the Amount for an Emergency Fund. Beth and Bob Martin have total take-home pay of \$3,600.00 a month. Their monthly expenses total \$3,100.00. Calculate the minimum amount this couple needs to establish an emergency fund. How did you calculate this amount? 3) Determining Profit or Loss from an Investment. Three years ago, you purchased 150 shares of IBM stock for \$92.00 a share. Today, you sold your IBM stock for \$108.00 a share. For this problem, ignore commissions that would be charged to buy and sell your IBM shares. 8) Determining Interest. Assume that you purchased a corporate bond with a face value of \$1,000.00. The interest rate is 5 percent. What is the dollar amount of annual interest you will receive each year?

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• Posted on Mar. 22, 2013 at 11:37:16AM
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