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masha68 [24]
3 years ago
8

A family wishes to save for future college expenses. Which financial tool should the family invest in?

Business
1 answer:
emmainna [20.7K]3 years ago
8 0

Answer:

529 Plan

Explanation:

A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs.

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On January 1, the Elias Corporation issued 10% bonds with a face value of $99,000. The bonds are sold for $97,020. The bonds pay
Vikentia [17]

Answer:

c. $9,702

Explanation:

Elias Corporation has issued 10% bond the semi annual rate of bond is 10%. The 10% rate is divided by 2 to find the actual semi annual rate of interest on the bond. The rate of bond is 5%. The amount at which bond can be sold will be used to calculate interest expense of the bond.

$97,020 * 5% = $4,851

The annual interest expense will be, $4,851 * 2 = $9,702

The correct answer is c.$9,702

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Adam was found to have used his license to procure insurance for relatives and it was also discovered that he was issuing rebate
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Why is it important to look at external sources of information when exploring product and service information?
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