Coding customer transactions for swiss-based bank
when coding customer transactions always begin with the type of account, followed by amount
in swiss francs (chf) and withdrawal or deposit codes.
there are two types of accounts: 500 and 600.
if a customer makes a withdrawal, enter a code of 110.
if a customer makes a deposit, enter a code of 210.
if a customer with a type 500 account withdraws more than chf 1,500, enter a code of 15.
if a customer with a type 600 account withdraws more than chf 2,500, enter a code of 25.
if a customer with a type 500 account deposits more than chf 500, enter a code of 05.
if a customer with a type 600 account deposits more than chf 1,000, enter a code of 10.
which is the correct sequence of codes for a 500 customer deposit of chf 2,401?
a
500, 2401, 210
b
o
500, 110, 05, 2401
c
o
500, 110, 05, 35, 2401
d
o
500, 2401, 210, 10
e
o
500, 2401, 210,05

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76