Answer:
The answer is 16 years.
Explanation:
The formula for calculating the value of an investment that is compounded annually is given by:

Where:
is the number of years the investment is compounded,
is the annual interest rate,
is the principal investment.
We know the following:

And we want to clear the value <em>n</em> from the equation.
The problem can be resolved as follows.
<u>First step:</u> divide each member of the equation by
:


<u>Second step:</u> apply logarithms to both members of the equation:

<u>Third step:</u> apply the logarithmic property
in the second member of the equation:

Fourth step: divide both members of the equation by 


We can round up the number and conclude that it will take 16 years for $10,000 invested today in bonds that pay 6% interest compounded annually, to grow to $25,000.
Answer: $28,000
Explanation:
Jonathan can deduct both the real estate taxes and the state income taxes but the Tax Cuts and Jobs Act cut the deduction one can claim on State and Local taxes to $10,000 from 2018 to 2025.
The total deduction Jonathan can claim is therefore:
= Real estate taxes + Capped state income tax
= 18,000 + 10,000
= $28,000
Answer:
correct answer is 4) $169,000.00
Explanation:
given data
received distributions totaling = $14,000
remaining benefits lump-sum = $155,000
solution
we know that substantial payment by as distribution method not subjected to the early distribution penalty
but lum sum amount distribution before age 59.5 is subject to 10% penalty
so here we can say till 59.5 year annuity payment not changed
so amount subject to the penalty is = $14000 + $155000
amount subject to the penalty is = $169000
so correct answer is 4) $169,000.00
Decrease, cut, halt, slow down.