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Zach B.
Financial Analyst at KBRwyle
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Basic Math
TutorMe
Question:

Solve the following equation and show your work: 24x31 =

Zach B.
Answer:

24x31= 4x1= 4 1x2=2 Put 2 in the tens place and 4 in the ones place giving you 24 3x4=12 Carry the 1 to the next equation 3X2= 6 + 1 = 7 Put 7 in the hundreds place, put 2 (from 12) in the tens place and put 0 (always no matter what) in the ones place giving you 720 Now add 720 + 24 (from the first equation) giving you 744

Personal Finance
TutorMe
Question:

When should an individual invest their retirement in equities and when should an individual invest their retirement in bonds?

Zach B.
Answer:

Equities – If an individual is young or has a high tolerance for risk, a portfolio heavily weighted in equities would make sense. Bonds – If an individual is nearing retirement or has a low risk tolerance, a portfolio heavily weighted in bonds makes sense.

Finance
TutorMe
Question:

What are the two main types of options? Define them.

Zach B.
Answer:

Call Option – Gives you the option to buy a security in the future at a predetermined price. Put Option – Gives you the option to sell a security in the future at a predetermined price.

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