Your employer pays 70% of your total insurance premium of 8000 per year. How much do you pay as an employee?  a. $2,400 b. $6,120 c. $5,600 d. $62 a paycheck

Q: Maude pays $5,000 a year into an annuity contract for 25 years. Maude is paying A) periodic flexible…

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Q: Find the annual premium

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A: Given data 8. Employee's check per week = $800 9. Purchase price of washing machine = $6,000 Useful…

Q: 8. George pays $410 a year for $65,000 of home insurance with a $250 deductible. By choosing a $1000…

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Q: Question 15: The 2021 Social Security wage base is Answer: А. S100,000 В. O $113,700 S125,000 D. O…

A: Social security wage base is highest earned  gross income in which social security tax  will be…

Q: f you would like to retire as a millionaire. If you make a uniform deposit of $19,000 monthly at an…

A: Millionaire means that you want one million in retirement and the future value of the deposit…

Q: 7) CALCULATE LIFE INSURANCE COVERAGE IN THE AMOUNT OF THE PREMIUM IS $0.22 PER $1000 PER MONTH…

A: First, we need to calculate the insurance coverage for each individual. This is done by multiplying…

Q: A pensioner borrowed P 10000 and promised to pay the amount of P8200 from the lender after it was co…

A: Discount on the borrowed is related to interest rate on the borrowing amount but normally more than…

Q: Consider a zero-coupon bond with a $1,000 face value and 10 years left until maturity. If the YTM of…

A: 1) Face value = FV = $1,000Period = nper = 10 yearsInterest rate = rate = 6.7%2) Future value = FV =…

Q: You just graduated from college and your new employer offers a 401(k) where they match your…

A: Here, Annual rate of Return7.50%Monthly Contribution #1 $…

Q: Lisa wants to supplement her pension by receiving payment of $7000 every month from an account…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: A pensioner borrowed P 10000 and promi eceives the amount of P8200 from the len ind the rate of…

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Q: If Rachel invest 1700 today in a account that pays 6 percent interest compounded annually how long…

A: The answer is in the explanation.Explanation:To solve this problem, use the formula for compound…

Q: Spouse A Spouse B Market wages 80,000/year 20,000/year Home production 12,000/year 40,000/year…

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Q: Spouse A Spouse B Market wages 80,000/year 20,000/year Home production 12,000/year 40,000/year…

A: Using Expense approach Spouse B-----50,000/year Rate ---------- 3 Time -------- 25 years.

Q: A man wishes to have 280,000.00 when he retires 15 years from now. If he can expect to receive 4%…

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Q: QUESTION 18 Lucy bought a house for $100,000. Lucy's annual cost of ownership net of tax savings is…

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Q: then how much money will be added to

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Q: Curtis buys a piece of commercial property for $230,000 He is offered a 20-year loan by the bank at…

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Q: Question: Mr Rayan’s Salary structure is as follows: Basic salary Tk. 30,000 Provident Fund @ 5% of…

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A: The question is based on the concept of Annuity.

Q: IRAs If a merchant deposits $1500 at the end of each tax year in an IRA paying interest at the rate…

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Q: A salesman earns P2,500 on the 1st month, P2,800 on the 2nd month, P3,100 on the 3rd month and so…

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Q: Employee Pensions (LO 5.4)

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Q: An insurance policy pays $50,000 immediately or $4,000 every 6 months for 10 years beginning now.…

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A: in this first we have to calculate retirement amount and from that we can get pension.

Q: Coco borrowed P100,000 and wishes to repay Kobe at the end of each month with payments of P3,000 for…

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Q: What does “nonrecourse” financing mean?

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Q: 16. How much would you pay for the right to receive $28,750 at the end of 10 years if you can earn…

A: Future value = fv = $28,750 Time = t = 10 years Interest rate = r = 5%

Q: 7. You graduate from the Trobe University on your 25th birthday and you immediately find a job with…

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Q: QUESTION 5 Your client is currently 21 years old. The interest rate on the funds your client has…

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Q: What is the process of consideration of the payback period?

A: Payback period It computes the required time to recover back the project’s investment by way of…

Q: You are the wage earner in a "typical family," with $60,000 gross annual income. Use the easy method…

A: Insurance needed as per easy method is 70% of income for 7 years.

Q: 7. Taxpayer, age 68, just purchased an annuity contract at a cost of $100,000. Assume that the…

A: An annuity is a contract that a taxpayer enters into with an insurance company under which the…