Answer:
<u>Anna can deduct up to US$ 10,000, so she can deduct as an itemized deduction the payment of US$ 2,500 on real estate taxes she made.</u>
Explanation:
Any taxpayer can deduct real estate taxes on the federal income tax return. For 2019, the IRS says a taxpayer can deduct up to $10,000 ($5,000 if you're married filing separately) But limits apply and you have to itemize to take the deduction.
<u>Therefore, Anna can deduct up to US$ 10,000, so she can deduct as an itemized deduction, the payment of US$ 2,500 on real estate taxes she made.</u>
Answer:
1. Calculate the monthly payment for a 30-year mortgage loan.
we can do this by using the present value of an annuity formula
the loan's interest rate is missing, so I looked for a similar question and found that it is 6%
present value = monthly payment x annuity factor
monthly payment = present value / annuity factor
- present value = $200,000 (loan's principal)
- PV annuity factor, 0.5%, 360 periods = 166.79161
monthly payment = $200,000 / 166.79161 = $1,199.101082 ≈ <u>$1,199.10</u>
2. Calculate the amount of interest that you’d pay for a 30-year mortgage loan.
total interests paid during the 30 years = (monthly payment x 360) - principal = ($1,199.10 x 360) - $200,000 = <u>$231,676</u>
Answer:
Price Risk, Reinvestment Risk, Investment Horizon and Longer maturity Bond.
Explanation:
- Price risk is the risk of a decline in a bond's value due to an increase in interest rates. This risk is higher on bonds that have long maturities than on bonds that will mature in the near future.
- Reinvestment risk is the risk that a decline in interest rates will lead to a decline in income from a bond portfolio. This risk is obviously high on callable bonds. It is also high on short-term bonds because the shorter the bond's maturity, the fewer the years before the relatively high old-coupon bonds will be replaced with new low-coupon issues.
- Which type of risk is more relevant to an investor depends on the investor's investment horizon, which is the period of time an investor plans to hold a particular investment.
- Longer maturity bonds have high price risk but low reinvestment risk, while higher coupon bonds have a higher level of reinvestment risk and a lower level of price risk.
Answer:
1. Lack of Vision
2. Lack of Focus
3. Lack of Willpower
4. Trying to Please Everyone
5. Fear
6. The Average Mentality
7. The Pursuit of Perfection
