Suppose your first job pays you Php 300,000 annually. Answer the following questions assuming (a) you are unmarried, and (b) you are married with two young children. Let see how your allocation change. 1. What percentage should your cash reserve contain? 2. What are the insurances you will carry and how much? 3. What are the other allotments do you plan to carry?
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- Suppose your first job pays you Php 300,000 annually. Answer the following questions assuming (a) you are unmarried, and (b) you are married with two young children. Let see how your allocation change. What percentage should your cash reserve contain?Suppose your first job pays you Php 300,000 annually. Answer the following questions assuming (a) you are unmarried, and (b) you are married with two young children. Let see how your allocation change. 1. What are the insurances you will carry and how much?You are given $50,000 to invest (not pay bills). How do you invest the money? Explain why this is a good investment(s) and how it would benefit one's financial goals.
- Your mother plans to join the employee's cooperative. She wants to know how much her money would earn in six months. The cooperative requires a monthly contribution of Php1,000 starting June 2020, with a compound interest rate of 3%. How much will your mother's money be by December 2020? Prepare a report showing a cash flow diagram. At the end of your report, write a conclusion stating your opinion to help your mom to decide.your birthday is next week and instead of other presents, your parents promised to give you$1,000 in cash. Since you have a part time job and, thus, don't need the cahs immediately, you decide to invest the money in a bank CD that pays 5.2% , compounded quaterly, for the next 2 yrs. How much money can you expect to earn in this period of time?A father wants to set up a bank account that will pay his daughter $12,000 at the end-of-quarter (EOQ) 4 and $24,000 at EOQ 8. He will fund this account by making quarterly payments of $A from the present (time zero) through EOQ 7. If the quarterly percentage rate is 2%, what is the value $A that must be deposited into the account? Please include equations used and cashflow diagram
- Consider the following scenario in relation to your Notary, Loan Signing Agent and Marriage officiant practice in Hawaii and determine the opportunity cost of leaving your job to become an entrepreneur. You currently make $90,000 per year at your job plus benefits (equal to 30% of your salary). On January 1 of the New Year, you start your own business. After the first year, your accountant informs you that you made $45,000 and out of that you paid $6,000 for health insurance. What was your opportunity cost? If your opportunity cost is higher than you would like, how can you lower your opportunity cost in the future years?Elise and Carlo would like to accumulate three times their monthly expenses in monetary assets. They currently have Php2,800 in their money market account, and their monthly expenses are Php4,500. How much more do they need in their money market account to reach their goal?Note:The answer should the 11,710Suppose you have estimated that you will need $2,500 per month in your retirement to meet your expenses and live comfortably, and that you have found or chosen a fund (account) which pays monthly interest 4% APR . What principal, or balance, will your account need to maintain in order to be able to pay you this amount each month? Round/take your answer to the nearest cent.
- You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a local bank that pays 7 percent annual interest. The client wants to deposit an amount that will provide her with $1,001,000 when she retires. Currently, she has $300,400 in the account. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Note: Use the appropriate factor(s) from the tables provided. Required: How much additional money should she deposit now to provide her with $1,001,000 when she retires? Note: Round your intermediate calculations and final answer to nearest whole dollar.If your starting net worth is $20,000, how much will you be worth after the following transactions: earn salaries of $3,000, pay living expenses of $2,000, borrow $5,000 and pay interest of $300?Please help me answer the following time value of money question. Suppose Nicole deposits $50,000 in an account that pays 9% compounded annually. How long does it take before her balance is $125,000?