Answer:
I can borrow $24,000
Explanation:
A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.
The amount of loan can be calculated as follow
PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]
Amount of Loan = $632 x [ ( 1- ( 1 + 1% )^-48 ) / 1% ]
Amount of Loan = $632 x [ ( 1- ( 1.01 )^-48 ) / 0.01 ]
Amount of Loan = $24,000
r = 7.17%
Interest rate is 7.17%
1) Has he diversified his portfolio within the 11 sectors?
2) Does he go for capital appreciation stocks or dividend stocks?
3) How much time does he spend studying a company's financials (10K form) and charts?
4) Who is his favorite investor? Warren Buffet for picking great stocks and holding for many many years or someone like Bill Ackman who is a bit deceptive on his trading tactics (over the summer he said 'Hell is coming' a signal thought by many as "panic sell" whilst he was buying heavily)
5) What is the number he is seeking to retire? There's usually a number ranging from $1M and $200M.
6) Maybe ask him if he is seeking to get licensed as a CMT (reading chart patterns)?
Hope this helps, either way best of luck to him!
Answer:
The correct answer is a. In arriving at taxable income, a taxpayer must choose between the standard deduction and itemized deductions.
Explanation:
In tax law, the tax base is the magnitude that results from the measurement of the taxable event. It is defined as the dimension or magnitude of an element of the objective budget of the taxable event that is judged as determining the relative contributory capacity.
In tax legal relations, the taxable event shows the existence of an economic capacity in the subjects, but for the tax to be applied, this fact must be assessed in some way, usually in monetary units.
The tax base is ultimately the magnitude that is used in each tax to measure the economic capacity of the subject, such that it is reflected in ceilings.
Answer:
tactical plan
Explanation:
Tactical plan -
It refers to the strategy acquired by the company in order to fulfil short - term plans or project , is referred to as tactical plan .
It is a short term strategy , with the time period of one to three years or even lesser in some cases .
Hence , from the given scenario of the question ,
The correct term is tactical plan .
Answer:
Please see explanation.
Explanation:
a) Jake can determine computer price > vacation price:
Unit of Account
(Money being the standardized unit to measure price of 2 goods)
(b) Jake has $1574 in checking account
Store of Value
(Money is "Stored" in his bank account which can be used later for any purpose)
(c) Jake writes check for $1299
Medium of exchange
(Money is used to be exchanged with the computer)
