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Doss [256]
3 years ago
12

Chip is a veteran who fought in Desert Storm. He has just retired from the military. He has been told he qualifies for a propert

y tax exemption based on his military service during wartime. Which exemption applies to Chip? Calfornia Homeowner's Exemption The Mello-Roos Community Facilities Act California Military Exemption The Street Improvement Act
Business
1 answer:
PolarNik [594]3 years ago
8 0

Answer: California Military Exemption

Explanation:

California offers tax exemptions to those who served in the military and have been honorably discharged and have lived in California for a certain period of time.

One such exemption is in property. Chip as a veteran of the Desert Storm, qualifies for this assuming he meets the other requirements such as residency and value limits on the property owned.

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cluponka [151]

Answer:

$338,712

Explanation:

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present value = monthly payment x annuity factor

present value = $340,000

PV annuity factor, 0.529167%, 420 periods = 168.38268

monthly payment = $340,000 / 168.38268 = $2,019.21

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3 years ago
Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits an
ikadub [295]

Answer:

$ 226.04

Explanation:

Given:

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\textup{PMT}=\textup{FV}[\frac{i}{(1+i)^n-1}]

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Which of the following is true of using direct marketing channels?
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c

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The realized rate of return, or holding period return, is equal to the holding period dollar gain divided by the price at the beginning of the period is true.

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