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cAmount of Insurance Needed. Peter is married and has two children. He wants to be sure that he has sufficient life insurance to take care of his family if he dies.?Peter's wife is a homemaker but attends college? part-time pursuing a law degree. It will cost approximately ?$38,207 for her to finish her education. Since the children are?teenagers, Peter feels he will only need to provide the family with income for the next 10 years. He further calculates that the household expenses run approximately ?$33,100per year excluding the mortgage payments. The balance on the home mortgage is ?$29,978.Peter set up a college fund for his children when they were? babies, and it currently contains sufficient funds for them to attend college. Assuming that? Peter's wife can invest the insurance proceeds at 8?%, calculate the amount of insurance Peter needs to purchase.
The amount of life insurance Peter would need to purchase is ?$ ?.
Rotweiler Obedience School’s December 31, 2013, balance sheet showed net fixed assets of $1,785,000, and the December 31, 2014, balance sheet showed net fixed assets of $2,160,000. The company’s 2014 income statement showed a depreciation expense of ..
What is the upper percentage range of returns would you expect to see approximately two-thirds of the time?
Which of the following is considered an ancillary charge? Double-entry accounting refers to the fact that every financial transaction is:
How much money would you need to invest in B today for it to be worth as much as Investment A 12 years from now?
Suggest you make a list with the name of the financial statement and explanation of how one financial statement affects the next in your list.
Both bond A and bond B have 7.6 percent coupons and are priced at par value. Bond A has 8 years to maturity, while bond B has 16 years to maturity. a. If interest rates suddenly rise by 2 percent, what is the percentage change in price of bond A and ..
A client for who you provide financial advice has come to you for guidance over a foreign exchange transaction.
your mother invested $4,000. Today, that investment is worth $109,099.26. What is the average annual rate of return she earned on this investment?
The process of earning interest on prior interest earnings is called discounting.
With the growing popularity of casual surf print clothing, two recent MBA graduates decided to broaden this casual surf concept to encompass a “surf lifestyle for the home.” With limited capital, they decided to focus on surf print table and floor la..
What is the current interest rate? Should the Treasurer buy or sell a futures contract?
Suppose money manager has average monthly return of 2.20%/month over past two years. What is the average excess return of this manager.
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