1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
blsea [12.9K]
2 years ago
5

Kyle and linda are married with two children at home and a mortgage. kyle’s net pay per year is $32,000 and linda’s is $48,000.

their monthly expenses are $3,500. kyle and linda each contribute 15% of their earnings to a retirement fund and they have $5,000 in savings. they also have a $100,000 life insurance policy on kyle, but none on linda. as their financial advisor, what part of kyle and linda’s financial plan would you encourage them to work on and why?
Mathematics
1 answer:
kvv77 [185]2 years ago
5 0
Insurance is needed for Linda more than Kyle as she provides more income (would be more of a financial loss if anything happened to her). Need more life insurance than 100k for Kyle and certainly need even more for Linda. Need Income protection as well. 
<span>They are saving some of their earnings which is great but all in a retirement fund plus 5k in cash. Diversify into property directly perhaps (though as financial adviser this is normally not where you want them to invest) and also some gearing could help substantially.</span>
You might be interested in
Pre-Calc help:
stepladder [879]

Answer:

8x^2+8y^2-79x-32y+95=0

Step-by-step explanation:

Let the equation be : x^2+y^2+2gx+2fy+c=0

The point (1,1) must satisfy this equation.

1^2+1^2+2g*1+2f*1+c=0\\2g+2f+c=-2---(1)

Similarly, the point (1,3) must satisfy:

1^2+3^2+2g*1+2f*3+c=0\\1+9+2g+6f+c=0\\2g+6f+c=-10---(2)

Also for the point (9,2), we have:

9^2+2^2+2g*9+2f*2+c=0\\81+4+18g+4f+c=0\\18g+4f+c=-85---(3)

Solving the equations (1), (2) and (3) simultaneously, we get:

g=-\frac{-79}{16},f=-2,c=\frac{95}{8}

We Substitute this values to get:

x^2+y^2+2(\frac{-79}{16})x+2(-2)y+\frac{95}{8}=0

x^2+y^2-(\frac{79}{8})x-4y+\frac{95}{8}=0

Multiply through by 8 to get:

8x^2+8y^2-79x-32y+95=0

8 0
3 years ago
Need help!
chubhunter [2.5K]

The correct equation is P(t) = Po*e^(kt). Please enclose "kt" inside parentheses and use the " ^ " symbol to indicate exponentiation.


"k" is the growth constant, which here is 0.017. "t" is the number of yeasrs. P(7) is the population after 7 years. Po is the initial population, which in this case is 91 million.


The initial value, when t = 0, is 91 million.


After 7 years, the population, P(7), was P(7) = (91 million)*e^(0.017*7). This evaluates to P(7) = (91 million)*(1.070) = 96 million

8 0
3 years ago
1) A golf store pays its wholesaler $40 for a certain club, and then sells it to
Rina8888 [55]

Answer:

69

Step-by-step explanation:

+#:2:$;$;$:*&#::jsgsvszgsvvsvs

5 0
2 years ago
Read 2 more answers
A=2x+y²/7 make y the subject of the formula
ValentinkaMS [17]

Answer:

y=√(7A-2x)

Step-by-step explanation:

A=2x+y²/7

Multiplying both sides by 7

7A=2x+y²

7A-2x=y²

Taking square root on both sides

y=√(7A-2x)

4 0
3 years ago
Read 2 more answers
<img src="https://tex.z-dn.net/?f=%20%5Cfrac%7B5x%20-%209%7D%7B2%7D%20" id="TexFormula1" title=" \frac{5x - 9}{2} " alt=" \frac{
fenix001 [56]
I hope this helps you 5x-9=2.(2x+3) 5x-9=4x+6 x=6+9 x=15
5 0
3 years ago
Other questions:
  • What is measurrment: KIH, JIH, KJI, and HKI?
    8·1 answer
  • (8 + 4 X 3) x 6<br> 32 – 2 x3
    7·2 answers
  • How do you solve problems like these
    15·2 answers
  • Shen's phone service costs her $20.75 per month. If she averages $8.25
    12·1 answer
  • 954 to the nearest hundred
    8·1 answer
  • What does 4(3+2x) equal
    11·2 answers
  • Find the equation of the line with a slope of 12 that passes through the point (3, -1).
    15·1 answer
  • Giving out the 15 points help please number 2.
    8·1 answer
  • suppose that the function f(x) = 5.32 0.80x represents the cost of mailing an object that weighs x pounds. how much would it cos
    10·1 answer
  • You have $5,000 to invest for ten years. Crown of The Sun bank pays compound interest at an annual rate of 4.5%. Calculate your
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!