Personal Finance Questions and Answers

How do I do a money direct?

I'm a bit confused, I want to pay for something that doesn't adopt paypal and I don't want to give them my credit card details. Where do I catch one from and what do I do with it after?


Answers: Make sure that the seller will adopt a money order, first. Then you can purchase one from most convenience stores, grocery stores or WalMart. WalMart have the lowest charge I've seen. You buy the money instruct, fill surrounded by the sellers designation, write your name and the item number at the bottom and post it. I suggest emailing the seller and agree to them know when you have mail the payment.
most gas stations or grocery stores make clear to them the amount you want and just teem it out its not hard sign your first name and address and who it is payed to and sign print out the billing statement or put item # in note place at bottom put it in an envelope and e-mail it like you would anything else
PS print you a billing statement to and rescue your receipt and stub of the money demand

If you where told you had just won a Million dollars ,what would you do ?




Answers: I would maximize my contributions into 401K, IRA, and Roth IRA accounts. Talk to a financial planner at a bank to find other ways to contribute into tax free saving plans. This will allow you to keep as much of your money.

In addition:

1. Pay off 75% of the principle in your home, but do not pay off the mortgage. You'll want to keep that tax deduction. It's a big one that you don't wanna lose.

2. Invest in a diversifed portfolio. Mutual Funds, Commodities like Gold, Platinum, Palladium, and oil. These are finite resource commodities and thier prices will only go up in the long-run.

3. Put away some money for a rainy day fund by putting them into 30 Day CDs that will auto mature and reinvest every 30 days. This means you will always have access to your money for emergencies.

4. Pay off your credit cards and debt (other than the home).

5. Look at your retirement plan and decide how you want to invest in it. If you're older, look into an annuity product (front loaded with 200,000.00) This will allow you a decent income when it's time to retire.

6. Once you've invested your money properly, buy yourself something nice, but not extravagant to reward yourself for investing your money correctly.

What will this do for you in the long run? You'll have plenty of money in your retirement years and this will allow you to enjoy yourself when you're ready to kick off and have fun. You'll never have to worry about living hand to mouth and you'll be able to travel, shop til you drop, do the things you've always wanted to do...

In other words, make believe the money you won is money you didn't win after you set up your investments. Your reward will be multiple millions of dollars during your retirement years. Imagine making 40-50K per month in your retirement years. That pretty much allows you to do anything you want to do.

Good Luck!
Claim the money and donate it to charity

Simple Discount Rates?

1.) A bank requests to earn 6% simple discount on a 90-day $2,000,000 treasury bill. How much should it pay?

2.) A wall paid $2,962,230 for a 30-day $3 million treasury bill. What be the simple discount rate?


Answers: Interest rate (simple) - is the rate, or percent, stated on an annual (or yearly) basis.

If time is given within days, ordinary or exact interest must be specified.



Exact
1) 2000000/(1+.06*90/365) =1970842.33

2) (3000000/2962230 -1)*100*365/30=15.51%

routine
2000000/(1+.06*90/360)= $1970443.35

(3000000/2962230 -1)*100*365/30= 15.30%

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