You have $12,000 and decide to invest on margin. If the initial margin requirement is 55 percent, what is the maximum dollar purchase you can make? with explain please.
Tom Jones has a savings account that just paid a $400 annual dividend. If the declared interest rate is 5%, how much is on deposit?
a. $ 2,000
b. $20,000
c. $ 8,000
d. $12,000
Please show work of computation
2. A 20-year-old building is estimated to have a total economic life of 50 years. How much is the value loss?
a. 50%
b. 40%
c. 80%
d. 4/7
Please show work to solutio