Compound Interest Assignment Example | Topics and Well Written Essays - 250 words

Compound Interest - Assignment Example His latest investments have been successful – after selling a four-unit apartment building and a town house, Willie has $300,000 in the bank and is debt-free. With only 10 years before retirement, Willie wants to make solid financial decisions that will limit his risk exposure. An attractive property has come on the market this week – a pair of townhouses with a great view. The rental units are in good condition and would need only some minor repairs in order to get them into shape for rental. They are in a good location for vacationers and summer rentals. The price tag for the two townhouses totals $225,000 – well within his range. He figures he can invest the remaining $75,000, and between the two hopes to have $600,000 on which to retire by age 56. 1. Willie knows that real estate in this general location appreciates by about 5% a year. Assuming that this trend continues, what will be the future value of the $225,000 townhouses in 10 years? (5 points) 2. Willie’s local bank offers a 2-year certificate of deposit (CD) that pays 5% compounded quarterly. A competing bank in town also offers a 2 year CD that pays 5%, but the interest is componded daily. If Willie invests the $75,000, how much more money will he get from the second bank after two years due to the daily compounding (assume exact time is used)? (5 points) 3. After purchasing the townhouses, Willie receives an assessment from the town for $17,500 due in 2 years to pay for road repairs and new sewer hookups for the properties. How much would he need to invest today in a CD paying 5%, compounded semiannually, to fully pay the assessment in 2 years? 4. A friend of Willie’s is a real estate developer and needs to borrow $75,000 to finish a development project. He is desparate for cash and offers Willie 18%, compounded monthly for 2 Â ½ years. Given that he can invest the

Dialectical Journal - The Importance of Being Earnest by Oscar Wilde Assignment - 1

Dialectical Journal - The Importance of Being Earnest by Oscar Wilde - Assignment Example However, Algernon alludes that not bearing a mother’s likeness is also tragic. However, this is true if related to the Oedipus Complex. Wilde intended to show the kind of attributes that would influence a man. After noting that Miss Prism bears such attributes, he went ahead to amplify how such attributes would factor into influencing Jack’s brother. The amplification makes the attributes vivid, and exemplifies Miss Prism’s knowledge. Wilde used these ironical and sharply contradicting statements to criticize writings that end happily, as they supposedly are predictable, and do hence to make the readers happy. The device also injected humor into the statement. Wilde used the words to intentionally expose Jack’s intent of lying about the death of his brother. This element of foreshadowing inspires the reader to imagine the events that would unfold when Jack tells the lie. The words are used to make reference to the action of escorting, or accompanying. In this sense, jack projects his intent to accompany Miss Fairfax to a destination, out of the house. Taken literarily, Jack’s statement may also imply an intention of observing Miss Fairfax when she is out of the house. The metonymy has been used to inspire the readers imagination beyond the contexts of the actions of the characters. Chasuble preferred to elaborate the practices in the Primitive Church, in an exemplified manner. As such, his statement stands out amongst the several made by other people. Considering that Chasuble is a doctor, the words were chosen by Wilde to project his social status and level of education. Wilde restructured Algernon’s phrase from ‘as long as’ to ‘so long as’ to create an element of humor. It is the reminder that Jack’s mourning which has been taken seriously even by Algernon, is false. Algernon intended to tell