Personal Finance Questions and Answers

Janet invested $6,000, section at 14% and 13%.?

If the total interest at the end of the year is $820, how much did she invest at 14 % sector at 13%?


Answers: let x=amount at 14% and y=amount at 13%

x+y=6000 (rewrite this as x=6000-y and plug into 2nd equ.)
.14x + .13y=820

.14(6000-y)+.13y=820
840-.14y+.13y=820
-.01y=-20
y=2000 so x=4000

check
2000(.13)+4000(.14)=820

260+560=820
820=820, so it works

What is the best IRA for a 20 year behind the times to start??

What would be the best way to invest my money? I am 20 years frail and want to start a IRA, traditional or Roth?


Answers: Roth IRA
A Roth IRA is the best way to jump. It allows you the most flexibility when you want to retire since there is not a minimum retirement age resembling a Traditional IRA. Ideally you should max out your 401k contribution, put in the maximum into a Roth IRA and next look for tertiary investments.

Has WaMu Launched Debit MC w/ PayPass?

Has Washington Mutual Officially Launched the new Gold Debit MasterCard beside PayPass?


Customer Service is unaware on how to proclaim this new card?


Answers: I have them order mine today at the local branch.

The entirety of this site is protected by copyright © 2008. All rights reserved. RunEye.com