Answer:
A. closed-end credit
Explanation:
Closed-end credit is a loan or a credit type where the funds would be dispersed at the time when the loan is closed and it would be paid back by involving the interest & finance charges
Since in the question it is mentioned that she would make the payment in 12 equal payments so here she is using closed-end credit
hence, the correct option is a.
Answer:
Original Medicare covers ambulance services.
Explanation:
Since in the question it is mentioned that the Turner compared her employer retired insurance with respect to the Original Medicare and also she would like to know whether what services are covered if the prescribed criteria are met
So here the original medicare covers the ambulance services as this is a pre hospitalization charges that are mentioned in the insurance policy
Answer:
Ans. He must save during each of the following 10 years, at the end of each year $32,452.
Explanation:
Hi, in order to find the amount of money that he should have in ten years so he can receive an annual payment of $65,156 for 25 more years (24 payments), we need to bring to present value all 24 payments to year 10. Let me show you the formula.
Where:
A= $65,156
n= 24
r= 0.08
Therefore the present value in year 10 is:
So that is our present value in year 10, or to put it in other words, our future value (if we look at it from year 0). Now we need to find the annuity (amount to save) that with account for $686,012, plus that $100,000 that he already has saved.
Every should look like this.
And we solve this equation for "A".
Best of luck.
A lien is a claim against an asset, often to get a loan. All debts related have to be paid before it is removed.
Answer:
The correct answer is B
Explanation:
Calculation of AGI for 2019 -
Salary Income $70,000
Interest income on Xerox bonds $2,000
Inheritance from uncle $ 40,000
Deduction : Capital Loss ($2500)
Contribution to traditional IRA ($5500)
Inheritance from uncle ($40,000)
Total = $64,000
