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- MCQ'S: 21) If a 16-year-old high school student put $2,000 at the end of each year for 4 years into an IRA that earned a rate of 9%, how much would she have accumulated by age 65? Assume funds are left to accumulate for 45 years (age 20-65) at 9%. a.$386,616 b.$9,146 c.$1,767,995 d.$442,014 . 22) Clinch River Power is considering refunding a $150 million 12% coupon bond with a 10% coupon bond, 20-year bond. The current bond also matures in 20 years and is now callable at 110% of par. The unamortized flotation cost on the old issue is $540,000, and the flotation cost of the new issue is 0.925%. Clinch River estimates that there would be a 4-week period where both bonds would be outstanding. The company has a weighted cost of capital of 11% and a 40% marginal tax rate. Clinch River has decided to sell the refunding issue. What is their reasoning? a.NPV is approximately $10.808 million b.NPV is…Which of the following statements comparing traditional and Roth IRAs is false? 1) Contributions to traditional IRAs may be deductible; contributions to Roth IRAs are nondeductible. 2) For a 57-year old individual, the maximum allowable contribution to either type of IRA is $7,500. 3) Individuals who have reached age 72 must begin liquidating either type of IRA. 4) Individuals may have to pay a premature withdrawal penalty from either type of IRA.incorrect, 1.3.51 A mother wants to invest $6 comma 000.00 for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) which earns 4% and the remainder in a savings bond that earns 7%. If the total interest earned after one year is $ 360.00 comma how much money was invested in the CD account? The total interest earned after one year is $360.00 . How much money was invested in the CD account? $
- Susan owes $2,400 to Fancy Flowers for arrangements purchased last week. For Fancy Flowers, the $2,400 represents a(n) ______. Question 17 options: A) account payable B) intermediate debt C) long-term liability D) investment E) account receivableANSWERS: NPW= 220,148.69 NFW= 442,797.66 AW= 65,673.78 PI= 1.44 IRR i%= 31.39% ERR i%= 23.71% PAYBACK Simple= 2.5 years and Discounted= between 3&4 years B/C Conventional= 1.44 and Modified= 1.44Business Gifts (LO 3.9) Sam owns an insurance agency and makes the following business gifts during the year. Calculate Sam's deduction for business gifts. If an amount is zero, enter "0". Donee Amount Amount Allowed 1. Ms. Sears (a client) $35, plus $4 shipping $ 2. Mr. Williams (a tennis partner,not a business prospect or client) 55 3. Mr. Sample (a client) andMrs. Sample (nonclient wife of Mr. Sample) 2220 4. Various customers (calendarscosting $3 each with the company name on them) 300 5. Mr. Shiver (an employee gift,a watch, for 25 years of continuous service) 175 Total business gift deduction $ How do you do this?
- Question A The basic needs standard for a family of four is $420.00. The total income for the Smith family of four is $180.00 per month, of which the first $30.00 plus one-third of the remainder is disregarded in determining countable income. The amount of the payment is based upon a reduced standard of 75% of the basic needs standard less the family's countable income. How much will the Smith family receive per month if they apply for assistance? A) $106.00 B) $225.00 C) $331.00 D) $346.00 E) None of the above. Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line3. A homeowner’s house is insured at $950,000. The insurer requires 75% coverage for full insurance. The home sustains $25,300 damage from fire. Thepolicy has a deductible of $10,000, which decreases linearly to zero whenthe total cost of the loss is $20,000. The house is valued at $1,360,000.How much does the insurer reimburse?B6 Which of the following taxpayers will have an adjustment on their Schedule CA (540), Part I, Section A, line 1? Abdul earned $40,000 of wages while working at the local pharmacy. Dana won $2,000 from the California Lottery. Milo cashed U.S. Savings Bonds yielding $300 of interest. Sasha received ridesharing fringe benefits that were excluded from income on her federal return.
- 5. Find the exact simple interest on P 1, 000.00 which was deposited on January 8, 1990 and to bewithdrawn on October 8, 1992 if interest is 10%. Given: Required: Solution:At May 31, 20x1, Quay owned a P10,000 whole-life insurance policy with cash surrender value of P4,500. The cash surrender value is used as a collateral security for an outstanding loan of P2,500. In Quay's May 31, 20x1 statement of financial position, what amount should be reported as investment in life insurance? Answer:Question: 1533 Ontario St SE, Olympia, WA 98501 Purchase price = Today's Zillow Zestimate ... 1533 Ontario St SE, Olympia, WA 98501 Purchase price = Today's Zillow Zestimate 521500You will pay a down payment = 15% of purchase price 78225Mortgage payments = 30 year fixed loan at 3.8% interest (Loan = 85% of purchase price) 2077Fees to purchase the home = 5% of the purchase price 26075Property taxes are paid all 5 years at the 2019 property tax rate 17890Insurance for the home is $1,000/year 5000The selling price = purchase price * (1+ (% Value (price) estimate change of the last 5 years) (note: this is different process than what is outlined in the video) Fees to sell the home = 5% of the selling price. I need help finding the selling price of this home.