Hello there!
Your answer would be D). More than 5%
The reason why your answer would be "More than 5%" is because the Average rate of return on stocks is roughly about 7% overall. The term "rate of return" pretty much means the money that you would be getting back, or "profit" in a investment. Would you see the numbers for rate of return mostly in the stock market, business, and other types of investments someone makes. The words "Over time" is probably talking about the times all the way back to the 1950s where the returns were high, to this generation, which had a negative decrease in % of rate of return. That's why the question is asking you what the rate over time is, not just a specific time period.
Mortgage points, also known as discount points, are fees paid directly to the lender at closing in exchange for a reduced interest rate. This is also called “buying down the rate,” which can lower your monthly mortgage payments.One point costs 1 percent of your mortgage amount (or $1,000 for every $100,000),<span>In general, the longer you plan to own the home, the more points help you save on interest over the life of the loan. When you consider whether points are right for you, it helps to run the numbers.</span>
Answer:
The answer is: D) All of the above
Explanation:
The characteristics of a variable annuity contract are:
- earnings are tax deferred and reinvested
- they offer a Guaranteed minimum death benefit (GMDB)
- depending on the annuity payout option the beneficiary takes, they can provide guaranteed income for life
The beneficiary can decide between different annuity options. Annuity payments can vary depending on the account's earnings.
Answer:
Explanation:
the sources of family income can be classified as to regular income which includes________and irregular income such as________?
Answer: $20,600
Explanation:
In calculating the amount of cash that should be reported in the balance sheet as of August 31, we add the deposits Outstanding because that is money that we are getting. We then subtract the checks Outstanding because that is money we are to pay. These are the 2 balances to be concerned with.
The cash balance will therefore be,
= Bank account balance + Deposit Outstanding - Checks Outstanding
= 22,800 + 2,000 - 4,200
= $20,600
$20,600 is the amount of cash that should be reported in the balance sheet as of August 31.
