types of accounts are available

Q: Ceidi was notified by its depository bank that P1 millión had been credited to his savings account…

A: Here both situation was contradiction in part of the taxation affairs because in the first situation…

Q: At age 18, Susan did nothing. She waited until she was 28 to start depositing $2000 per year at the…

A: Annuity, A = $ 2,000Interest rate, r = 12%Number of annuities = n = 65 - 28 = 37

Q: Ted owns a car worth $40,000. Owns home worth $275,000, Checking acct with $800, Saving Acct with…

A: Compute the net worth:The net worth is $341,100.Excel spread sheet:

Q: Ted owns a Lexus worth $44,100. He owns a home worth $275,000. He has a checking account with $740…

A: Ted's total assets comprising of his car, home, bank balances, investments and personal assets is…

Q: Patricia McDonald has determined the following information about her own financial situation. Her…

A: The total value of assets includes all the possessions of an individual or an organization that are…

Q: Tom quits his job with $150,000 in his employer’s qualified retirement plan. Since he is broke, Tom…

A: In case withdrawals are made from qualified retirement plan before a person reaches the age of 59½…

Q: Jennifer has the transactions below, what is the combined impact on her net worth when considering…

A: A financial indicator known as net worth shows the difference between an individual's or an entity's…

Q: Suppose that​ David's only assets are an automobile worth​ $10,000 and a checking account with a​…

A: The computations as follows:

Q: Mack Aroni, a bank robber, is worried about his retirement. He decides to start a savings account.…

A: The future value of an annuity is the future worth of a series of cash flows at a certain rate of…

Q: Bart is a college student who has never invested his funds. He has saved ​$540 and has decided to…

A: An initial investment accumulates interest. The future value is the accumulated value of the initial…

Q: Pedro deposits a sum of money in Metrobank for Juan. He wants Metrobank to send Juan checks of P…

A: 1.  There are 10 years to go till age 16. 2. Since the first payment is going to be done at age 16,…

Q: In your personal portfolio account, not a qualified 401K retirement account, you get paid a dividend…

A: Dividend - It is the amount of profit distribution by the company to tis shareholders. It will on…

Q: Kim Jae-Yun owns a condo worth $270,000, a car valued at $30,500, and miscellaneous assets worth…

A: The objective of the question is to calculate the total assets of Kim Jae-Yun. Assets are anything…

Q: ue has $50,000 in her checking account at Small Bank and $150,000 in a savings account at Big Bank.…

A: FDIC is deposit insurance provided by the government in the event that banks may default on the…

Q: Jeremy received a tax refund check and needs to have it deposited into his account. He decided to…

A: Once Jeremy double crosses the check only he can encash the check by depositing in his account. But…

Q: Anthony closes out his account in which he deposited $500 five years ago at an interest rate of 5%.…

A: FUTURE VALUE FORMULA: FUTURE VALUE = PRESENT VALUE×1+RNWHERE,R= RATE OF INTERESTN=NUMBER OF YEARS

Q: Felipe and Lucia Ramirez are a newly married couple in their mid-20s. Conrad is a senior at a state…

A: Credit Application An application for credit is one that a potential borrower submits to a credit…

Q: Scrooge is thinking of selling his money lending business. He has been the sole owner for 6 years…

A: Howey test was given by Supreme court whether transactions qualified as security.There were…

Q: property. his equity is in mutual fund a. What is Robert's debt-to-equity ratio? (Round your answer…

A: Ratio analysis:The ratio analysis is the study of the accounting ratio or the financial ratio that…

Q: Ted Riley owns a Lexus worth $42,000. He owns a home worth $320,000. He has a checking account with…

A: A financial indicator called net worth measures an individual's or an entity's value of assets less…

Q: Sam has a retirement plan that pays him $25,000 a year for the remainder of his life. Which of the…

A: An annuity refers to a financial product that provides a series of regular payments to an…

Q: Leticia is twenty-two years old and she has all of her savings in a Certificate of Deposit (CD. at…

A: The financial principle of investment revolves around balancing risk and return. Investors seek to…

Q: Ted owns a Lexus worth $49,800. He owns a home worth $297,000. He has a checking account with $880…

A: Solution- Given- Lexus worth=$49,800 Home worth=$2,97,000 Account=$880 Saving account=$1,880 Mutual…

Q: An internet investment club asks Jose, a successful stockbroker, to advise its members. The club…

A: Yes, Jose is guilty of embezzlement. Embezzlement is defined as the illegal use of funds that have…

Q: Ted owns a Lexus worth $41,600. He owns a home worth $292,000. He has a checking account with $870…

A: Non- current assets (NCA) - Assets which are not expected to be sold within 1 year and whose…

Q: Tamara goes on a spring break trip with her school to visit historical sites in Italy. She purchases…

A: Introduction: A credit card report is a statement of your credit card spending for a given billing…

Q: Your good friend, Mickey, has a difficult time managing his money and often lives paycheck to…

A:

Q: Ted Riley owns a vehicle worth $38,000 and a home worth $340,000. He has a checking account balance…

A:

Q: Justin P. deposited $2000 into an account 5 years ago. Simple interest was paid on the account. He…

A: Simple interest is the type of interest where the interest is charged on the principal amount only.…

Q: DeWayne has two credit cards, which he uses to pay for everything. DeWayne does not check his credit…

A: It is quite necessary and important to pay the debt on time and get out of debt.

Q: January

A: a)Sona is subjected to FBAR requirement- United States persons are required to file an FBAR if: the…

Q: Donald Draper has no money after getting canned (fired) from his job as an advertising agent. He…

A: Formulas: PV = Present value FV = Future value PMT = Payment R = Rate N = Number of years BE/END =…

Q: Your grandfather put some money in an account for you on the day you were born. You are now 16 years…

A: See below.Explanation:To solve this problem step by step, we can use the formula for compound…

Q: Sarah won $10,000 at a bingo game. She deposits her $9,500 winning into a money market fund so that…

A: Money serves various functions. It is used for facilitating transactions and for securing one's…

Q: Jamie earned $14 in interest on her savings account last year. She has decided to leave the $14 in…

A: This is because Jamie's $14 in interest from last year will be added to the principal balance of her…

Q: Your wealthy uncle established a $2,500 bank account for you when you were born. For the first 8…

A: The below expression can be used to calculated future value in account:

Q: Aubrey owns an office supply store. She borrowed $100,000 from U.S. Bank ("USB") and executed a…

A: The priority of security interests in personal property, including inventory, is generally…

Q: Bob owns a collection agency. He purchases uncollected accounts receivable from other businesses at…

A: Value of debt collected =$90,240Percentage of collectable = 70% Purchase price of collectable…

Q: Arthur Martin was raised in New York City during the 1950s. Art’s very firstjob was working in his…

A: Answer: Synopsis: First job: Cashier shop for 9 years for Grandfathers Candy, quality management.…

Q: a. Assuming Maria does not really care about her​ parents' approval and ignores their​ assignment,…

A: a. Assuming Maria does not really care about her parents' approval and ignores their assignment,…

Q: Gina deposits her inheritance into an account earning interest of 4% compounded annually. She will…

A: A/P = 2 (because Gina wants her inheritance to double)r = 4% = 0.04n = 1 (since it's compounded…

Q: Geoff recently graduated from a state university with a degree in art history. He has no student…

A: Investing in various financial instruments aims to accumulate a certain sum of money to be…