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Ierofanga [76]
2 years ago
5

Ted Riley owns a Lexus worth $40,000. He owns a home worth $275,000. He has a checking account with $800 in it and a savings acc

ount with $1,900 in it. He has a mutual fund worth $110,000. His personal assets are worth $90,000. He still owes $25,000 on his car and $150,000 on his home, and he has a balance on his credit card of $1,600. What is Ted's net worth?
Business
1 answer:
soldier1979 [14.2K]2 years ago
6 0

Answer:

Ted's net worth: 341,100

Explanation:

  • Lexus 40,000
  • Home 275,000
  • Checking account 800
  • Savings account 1,900
  • Mutual fund 110,000
  • Personal assets 90,000

Total Assets: 517,700

  • Car debt 25,000
  • Home debt 150,000
  • Credit card 1.600

Total Liabilities: 176,600

Net Worth: 341,100

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You just inherited a trust that will pay you $100,000 per year in perpetuity. However, the first payment will not occur for exac
allsm [11]

Answer:

PV= $620,921.32

Explanation:

Giving the following information:

Cash flow (Cf)= $100,000

Interest rate (i)= 7.25%

<u>First, we need to calculate the value of the investment at the moment of the first payment (five years from now). </u>To calculate the present value we need to use the following formula:

PV= Cf / i

PV= 100,000 / 0.1

PV= $1,000,000

<u>Now, the value today:</u>

PV= FV / (1 + i)^n

PV= 1,000,000 / (1.1^5)

PV= $620,921.32

8 0
2 years ago
In a market economy, a high price is a signal for:___________.1. Producers to supply more and consumers to buy less. 2. Producer
shepuryov [24]

Answer: Answer is 1

Explanation:

In a market economy, a high price is a signal for producers to supply more and consumers to buy less.

3 0
3 years ago
Read 2 more answers
You have $100 in your lunch account and plan to spend $2.75 each school day. how many school days will it take to spend all of t
zloy xaker [14]
Divide $100/2.75= about 36 days as $2.75* x 36=$99
3 0
3 years ago
Test the following sentences to see if headwords and verbs agree:
Maru [420]

Answer:

a). The statement on the income tax form about the deduction for children and other dependents was simply unreadable.

b). The type of career that many graduates are hoping to pursue pay high salaries and provide long vacations.

c). Apparently, the use of robots in factories has been responsible for a great deal of worker dissatisfaction.

d). The problems associated with government deregulation have been responsible for the economic plight of several major airlines in recent years.

e). The impact of computers on our lives is comparable to the impact of the industrial revolution.

f). The amount of money and time I spend on computer games <u>is</u> more than I can afford.

Explanation:

Subject-verb agreement is described as the grammatical rule according to which the subject, as well as, the verb must agree with one another in number. As per the rules, if the subject(noun or noun phrase) is singular, it will take a singular verb while if the subject is plural(noun or noun phrase), it will carry a plural verb.

According to this rule, <u>the first and third sentence fails to follow this agreement</u>. The first sentence inadequately carries a plural verb 'were' with the singular noun ('The statement') and similarly, the third sentence wrongly employs plural verb 'have' with the singular noun 'the use.' The other sentences are grammatically appropriate as the verbs and noun phrases agree in number.

3 0
2 years ago
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Answer:

The correct word for the blank space is: competitive.

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7 0
2 years ago
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