Calculate the cash surrender value for Lee Chin, age 42, who purchased a $200,000 straight-life policy. At the end of year 20, Lee stopped paying premiums. (Use Table 20.2.) Cash surrender value
Q: Suppose a credit card was used to make a $7800 purchase at16.8% interest with a monthly payment of…
A: Let's solve each part of the problem step by step.Given Information: Principal (initial amount):…
Q: (b) A person is offered a gift of $5,000 now or $8,000 five years from now. If such funds could be…
A: Choice 1 is: Get $ 5000 now Choice 2 is: Get $8000 in five years from now The question can be solved…
Q: Explain the concept of leverage and its relevance to capital structure decisions.Discuss the types…
A: Understanding Leverage and Its Relevance to Capital Structure DecisionsLeverage is a fundamental…
Q: Please Provide Finance Answer fast
A: Explanation of Sales:Sales represent the total revenue generated by a company from selling its goods…
Q: For a student loan of $20 comma 50020,500 at 2.752.75% for 1515 years, complete the following.…
A: To calculate the monthly payment, we use the formula for the monthly payment of an amortizing loan…
Q: Please show how to solve this step by step using Excel to answer a. and b. You want to buy a house…
A: Steps to Use Excel for CalculationsEnter the Data:Input the data from your table into the…
Q: Company Corporate Inc. issued common stock in exchange for land with an original cost of $1,500,000.…
A: The correct value to be included in the books for the stock issued is the fair value of the land,…
Q: None
A: Given:- Portfolio A consists of two zero-coupon bonds - 4-year bond with a face value of $10,000 -…
Q: QS 2-8 (Algo) Analyzing transactions and preparing journal entries LO A1 For each transaction, (1)…
A: The accounting equation is Assets=Liabilities+Equity. We will use this equation to analyze each…
Q: Please correct answer and don't use hand rating
A: Given, Loan amount (P) = $187000Annual interest rate (r) = 6.9% = 6.9/100 = 0.069Monthly interest…
Q: Gabriele Enterprises has bonds on the market making annual payments, with 15 years to maturity, a…
A: To determine the coupon rate on the bonds, we need to use the given information to calculate the…
Q: None
A: The value is approximately $22,222. So, the price you expect to receive for the car loan is…
Q: None
A: Step 1: The amount is calculated as follows:
Q: Barb is asked to analyze a new software firm. This year the firm has total revenues of $110 million…
A: 1. Accounting Profit:Accounting Profit =Total Revenues −Expenses −Interest PaymentsTotal Revenues =…
Q: None
A: Now, I'll compute these values.Here are the computed future values:a. Future value for 9 years at…
Q: Help me with this question
A: Step 1: Step 2:Step 3:You can follow the same process using the new n = 240
Q: Correct Answer with detailed explanation
A: According to the GAAP (Generally Accepted Accounting Principal), if stocks are being issued to…
Q: An organization’s board of directors, shareholders (owners), management (CEO, CFO, etc.), and…
A: Corporate governance involves the framework and processes by which organizations are directed and…
Q: f1 plaese help.....
A: To solve this problem, we need to calculate the present value of an annuity. The formula for the…
Q: None
A: In order to calculate the current income tax expense, we have to put into consideration the effect…
Q: None
A: The Dow Jones Industrial Average (DJIA) is an index that tracks 30 of the largest blu e-chip stocks…
Q: None
A: If you have any problem let me know in comment box thankyou.
Q: Thanks for your help
A: For the first question about RST Company:RST Company issues common stock for $80,000 cash, and…
Q: Finance
A: First Part: Number of Shares OutstandingTotal shares issued: 65,000 sharesShares reacquired…
Q: Help me to get correct answer
A: 1. Ending Balance of Accounts Receivable:Formula:Ending Balance = Beginning Balance + Credit Sales -…
Q: Which of the following best describes the ultimate goal of the financial manager in a corporation…
A: The role of a financial manager in a corporation, especially in a publicly traded company, is…
Q: When the growth rate of the money supply decreases, interest rates end up being permanently lower if…
A: When the growth rate of the money supply decreases, several effects come into play, including the…
Q: Which of the following taxpayers is/are subject to the net investment income tax?None of the…
A: The Net Investment Income Tax (NIIT) is a 3.8% tax on the lesser of net investment income or the…
Q: Compute the expected return given these three economic states, their likelihoods, and the potential…
A: The given data can be expressed as a probability distribution as shown in the table below:Return or…
Q: Give me answer
A: Explanation of Fixed-Rate Mortgage:A fixed-rate mortgage has a constant interest rate for the entire…
Q: 1 Rachel is applying for a participating whole life insurance policy and is yet to choose a divided…
A: "Rachel is applying for a participating whole life insurance policy and is yet to choose a dividend…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Yield on bond = 11.6%Tax rate = t = 40% After−tax cost of debt =Yield∗(1−t)=11.6%×(1−0.40)=0.0696…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Explanation of Spot Rate: This is the current exchange rate at which one currency can be exchanged…
Q: The ABC company bought a truck costing $100,000 two and a half years ago. The trucks estimated life…
A: Understanding the Problem:Initial Cost: $100,000Estimated Life: 4 yearsDepreciation Method:…
Q: Problem 1-2 Using the Rule of 72 [LO1-2] Using the rule of 72, approximate the following amounts: a.…
A: To solve the problem using the Rule of 72, we can apply the following formula: Time to…
Q: SHOW YOUR WORK IN THE SPACES PROVIDED BELOW FOR FULL CREDIT. Properties of Normal Distribution: (3p)…
A: The total area under the normal curve represents the total probability of all possible outcomes of a…
Q: The Wet Corp. has an investment project that will reduce expenses by $30,000 per year for 3 years.…
A: Has an investment project that will reduce expenses by $30,000 per year for 3 years. The project's…
Q: FORD MOTOR CO.DL-NOTES 1999(29) FORD CO. Balance Sheets: What did the balance sheet look like in the…
A: The balance sheet provided is for the year ending December 31, 1999. Unfortunately, without the…
Q: General Finance Question 4 marks
A: Explanation of Sales:Sales represent the total revenue generated by a company from its primary…
Q: None
A: Given:House Price: $500,000Downpayment: 20% = 500000*.20= $100,000Loan amount (P)= House…
Q: not use ai please
A: Detailed explanation:Part A: Calculate the Average ReturnTo calculate the average return for…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: (a) Maximum price calculationThe maximum price Benton should pay for the new fleet is the present…
Q: None
A:
Q: Please correct answer and don't use hand rating
A: Explanation The payoff function of the call option is equal to the maximum of zero and the (S1 -…
Q: You want to buy a car, and a local bank will lend you $20,000. The loan will be fully amortized over…
A: Step 1: The calculation of the monthly payment and EAR AB1Car loan $20,000.00…
Q: sa.3 answer must be correct or i will give down vote
A: Let's break down the calculation of the proportion of the portfolio that should be invested in Stock…
Q: Please correct answer and don't use hand rating
A: Sensitivity analysis helps to prioritize risk management by identifying the elements that have the…
Q: Please correct answer and don't use hand rating
A: 1. - Notional amount: $5 million - Equity leg return: 8% - Floating rate (6-month LIBOR): 2.5%…
Q: None
A: 1. Calculate the original market capitalization for each stock: Stock 1: 300,000 × $21 = $6,300,000…
Q: Suppose there is now friction and the equation of motion becomes x+2yx+w²x = 0, where 0 is some…
A: Given x¨+2γx˙+ω2x=0 Here, γ is a constant related to friction (damping), and ω is the natural…
Step by step
Solved in 2 steps
- Use the given table. Cindy started a whole-life insurance policy for $255,000 when she was 23 years old. At age 50, the policy has a cash value of $12,505 and Cindy converts the policy to extended term insurance for the same face value. Use 20-year level term rates to estimate the number of years of extended term insurance she has. Use a non-tobacco rate. E Click the icon to view the data table. Cindy has years of extended term insurance. (Do not round until the final answer. Then round to two decimal places as needed.)Use the given table. Parker's $250,000 whole-life insurance policy has a cash value of $11,286. Parker is 60 years old, female, smokes, and is converting to an extended term policy for the same face value. Use 10-year level term rates to estimate the number of years of extended term insurance she has. Click the icon to view the data table. Parker has years of extended term insurance. (Do not round until the final answer. Then round to two decimal places as needed.)1. Cameron designates 10% of his monthly earnings as charitable contributions. After deducting this amount, he deposits 5% of the remaining amount into a money market account earning 2%. If Cameron's monthly earnings are $4,800 what amount interest will he earn on his deposit each month? 2. Find the maturity value for a loan on $4,225 at 8% made on March 5 and due on May 5 of the same year. Assume a 365-day year. 3. Republic Bank advertises their interest rates at 7 % %. You decide to apply for a loan in the amount of $9,000 for 90 days. The bank grants your loan and the loan officer tells you that there is a document preparation fee of $150 that needs to be paid at the time you sign the documents for the loan. Find the APR. Assume a 360-day year. 4. You took out a loan of $5,000 on May 2 and went back on June 15 to make a payment of $1,200. The loan was at 4% for 1 year. What was your remaining balance after making that payment?
- Alexandra Cunningham of Gardner, Massachusetts, has a $140,000 participating cash-value policy written on her life. The policy has accumulated $4,500 in cash value; Alexandra has borrowed $2,300 of this value. The policy also has accumulated unpaid dividends of $1,352. Yesterday Alexandra paid her premium of $1,000 for the coming year. What is the current death benefit from this policy?Subject:- financeRequired Information [The following information applies to the questions displayed below.] Javier and Anita Sanchez purchased a home on January 1 of year 1 for $1,000,000 by paying $200,000 down and borrowing the remaining $800,000 with a 6 percent loan secured by the home. The Sanchezes made interest-only payments on the loan in years 1 and 2. (Leave no answer blank. Enter zero if applicable.) d. Assume year 1 is 2020 and by the beginning of year 4, the Sanchezes have pald down the principal amount of the loan to $500,000. In year 4, they borrow an additional $100,000 through a loan secured by the home in order to purchase a new car. The new loan carries a 7 percent interest rate and is termed a "home equity loan" by the lender. What amount of interest can the Sanchezes deduct on the $100,000 loan? Maximum deductible interest expense
- Calculate the annual premium for the following policy. (Use Table 20.1.) (for females subtract 3 years from the table.) (Round your answer to the nearest cent.) **TABLE ATTACHED***** Amount of coverage (face value of policy) Age and sex of insured Type of insurance policy Annual premium $50,000 27 (F) 20-year endowmentSubject-AcountingRequired Informatlon [The following information applies to the questions displayed below.] Javier and Anita Sanchez purchased a home on January 1 of year 1 for $1,000,000 by paying $200,000 down and borrowing the remaining $800,000 with a 6 percent loan secured by the home. The Sanchezes made interest-only payments on the loan in years 1 and 2. (Leave no answer blank. Enter zero if applicable.) c. Assume year 1 is 2020 and by the beginning of year 4, the Sanchezes have pald down the principal amount of the loan to $500,000. In year 4, they borrow an additional $100,000 through a loan secured by the home in order to finish their basement. The new loan carries a 7 percent interest rate and is termed a "home equity loan" by the lender. What amount of interest can the Sanchezes deduct on the $100,000 loan? Maximum deductible interest expense
- In December 2020 Sally purchased an annuity that pays her $1,000 per month for 16 years. She paid $150,000 for the annuity. Of the $12,000 Sally received in 2021, how much will she include in her gross income? $9,375 $2,625 $12,000 $3,600 $0Stéphanie visited a financial institution and signed a 10-year, non-interest-bearing promissory note for $6000. She intends to give this to her son William, to partly fund his education. Due to unforeseen circumstances, the note is purchased after only 25 months at 2.15% compounded quarterly. What is the selling price of the note (i.e. the proceeds)? a. $5920.13 b. $5737.87 c. $5063.24 d. $5247.46Interest Earned. On June 1, Mia deposited $5,500 in an MMDA that pays 3% interest. On October 31, Mia invested $1,400 in a three-month CD that pays 2.99%. At the end of the year, how much interest will Mia have earned, assuming she hasn't taken anything out of the money market deposit account? Assuming she hasn't taken anything out of the money market deposit account, the amount of interest Mia will have earned is $___________
