Answer:
$64,932
Explanation:
Calculate the accumulated sum after 30 years by using below formula:
S = R[(1+i)^n - 1]/i
Where
S = the accumulated sum
R = the yearly deposit
i = the decimal interest rate per year
n = the total count of deposits
This results in a sum accumulation of $723,796.
Now calculate annual payout for a 25-year old annuity by using below formula:
R = Pi/[1 - (1+i)^(-n)]
This gives the PMT of $64,932.
Answer:
How do the risks compare to the potiential gains, what guarantees are in place so I can make money, What are the chances this invenstment will fail, what taxes will I have to pay on this investment
Explanation:
Answer:
SEP IRA
Explanation:
A SEP IRA means , a Simplified Employee Pension IRA, which is easier to set up and administrate than most other pension plans.
The Simplified Employee Pension IRA allows the employer to make a deductible contribution of a maximum of 25% of an employee's income (20% effective rate), capped at $54,000 in 2017.
The Simplified Employee Pension IRA has a key advantage which is that, it allows the employer to vary the contribution percentage each year .
In this case, a smaller business should make use of Simplified Employee Pension IRA, because it is easier to set up and have other benefits that are okay for such type of business.
Answer:
$600 profit
Explanation:
bought Oct Call at $9 and sold at $12 = $3 profit
sold Jul Call at $4 and bought back at $1 = $3 profit
total profit $6 per option x 100 shares = $600
Answer:
d. Debit advertising expense $350, credit accounts payable $350
Explanation:
The advertising expense should be recognized when the economic event occurs, in this case recibing the bill, independently of its payment. This is done with a debit because expenses increase by debits. The credit account is a liability: account payable, which represents an increased on liabilities.
