User Account

All Pages

Try to focus on investment planning

Assignment Help Finance Basics
Reference no: EM132482959

Harry, aged 52, has two children, aged 18 and 16 respectively. His wife died of cancer last year. His annual salary is HK$800,000 as a Senior Manager in a bank. He has an apartment with a current market value of $8,000,000, mortgage outstanding of $1,000,000 and has 8 years remaining term. Since he spent substantial medical expenses for his deceased wife, he has around $1,500,000 liquid asset left. However, he also got $800,000 death benefits from his wife life insurance policy and his employer provides a $1,000,000 life insurance policy coverage with his two children as the beneficiaries.

What is your advice to Harry in the short run, before his planned retirement at the age of 60 ? Try to focus on investment planning.

Reference no: EM132482959

Questions Cloud

Determine the current portion of the note payable : Develop a payment schedule for the life of the note. Determine the current portion of the note payable and the long-term portion of the note payable at October
What is the benefit of hedging with futures contract : What is the benefit of hedging with futures contract if the GBP spot rate in a year from now is 1.3?
How much did MMC expect to spend : The Construction in Progress account has a debit balance of $27,500,000. How much did MMC expect to spend to finish the football stadium at the end of 2017
Advice on what specifically should be done in situation : Mrs. Moller wants your advice on what specifically should be done in this situation and why? No calculations and no ITA references are needed
Try to focus on investment planning : What is your advice to Harry in the short run, before his planned retirement at the age of 60 ? Try to focus on investment planning.
Calculate the total cash flows from operations : Given the following financial data, calculate the total cash flows from operations as it would appear on the statement of cash flows for FY2019.
Future dividends and the future stock price : If the required return is 7%, what is the current stock price? indicate the future dividends and the future stock price and show work
Determine how easily two companies meet long term obligation : Determine How easily can the two companies meet their long term obligations? As for times interest earned ratio, company A is 20.96, company B is 26.13.
Effective annual rates charged by two credit cards : First United Bank's card charges 5% compounded semiannually (twice a year). Given these APR's, what are the effective annual rates charged by these two credit c

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd