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Citrus2011 [14]
3 years ago
12

Martha and martin are 25-year-old twins. Martha makes $1,000 end-of-year payments into her investment portfolio for 10 years and

makes no payments after the end of the tenth year. Martin makes no payments for the first ten years, but he makes $1,000 end of year payments starting at the end of the 11th year and continuing through the end of the 40th year. Both martin and martha earn 8% on their portfolios. Who will have more money at the end of the 40th year?
Business
1 answer:
Nataliya [291]3 years ago
4 0
Martha will have more money

Martha: $145,773.31

Martin: 112,283.21
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STALIN [3.7K]

Answer:

$755 taxes due  

Explanation:

Data provided in the question

Gross tax liability = $7,255

Credits available = $2,450

Taxes withheld by his employer = $4,050

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3 years ago
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gtnhenbr [62]

Answer:

c. American put.

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3 years ago
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Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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