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- 24. Seth's LTCI policy will pay him a daily benefit of $150 and a lifetime maximum based on five years. What is the pool of money under this policy? (Search Chapter 6) a. $182,500 ob. $295,000 OC. $250,700 Od. $273,750Walter deposits S380.89 each month into an annuity account for his child's college fund in order to accumulate a future value of $90,000 in 15 years. How much of the $90,000 will Walter ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary. Formulas AnswerHow to enter your annwer fopens in new window Keypad Keyboard Shortcuts Amount Walter will deposit: S ev Ne Interest earned: $What sum be invested on Jazz’s fourteenth birthday will provide 4 annual payments of ₱128,000 for college expenses if the first payment is to be made on his eighteenth birthday? The rate is 8.3% compounded annually. a. ₱306,132.28 b. ₱469,504 c. ₱512,000 d. ₱528,665.73
- A father wants to set up a bank account that will pay his daughter $16,000 at the end of quarter (EOQ) 4 and $30,000 at EOQ 8. He will fund this account by making quarterly payments of $X from EOQ 1 through EOQ 7. If the quarterly percentage rate is 3%, what is the value of $X that must be deposited into the account? O a. 6,789.396 O b. 6,621.507 O c. 6,240.157 O d. 6,082.880 O e. 6,123.852The parent wishes to prepare the future of their 10 year old son. Determine the monthly savings that the parent should make with interest of 8.12% per annum to amount P1,200,000.00 at the time his son will be 18. Oa. P8,951.74 O b. P8,915.74 O c. P8,519.74 d. P8,195.74Engr. Singson wants to get married on June 8, 2023. According to his estimates, he will need P305,000. With this, he started depositing to Landbank on February 8, 2016 with an amount of P10,500. He made a second deposit worth P50,000 on August 24, 2020. How much he deposits on November 4, 2021 so that he will realize the required amount for his weddinf . Use i=6% per year. Consider exact interest.
- 11. Amber and Berta share profits and losses equally after a 10% interest on their average capital balances. Consider additional capital contributions and permanent withdrawals as made at the end of the month. Total net income after tax for 2019 is P320,000. (see attached image, kindly answer it based in your knowledge, thank you!) (Note: you already asnwered the first letter, kindly answer the letter b, please. thank youuu!) Direction: Give the entries to record the distribution based on the following two independent cases: b) All changes in capital and drawing should be considered in determining the average capital balances.Tax Drill - Earned Income Credit Samuel and Annamaria are married, file a joint return, and have three qualifying children. In 2022, they earn wages of $34,000 and no other income. Round your intermediate computations to two decimal places and your final answer to the nearest dollar. Click here to access the Earned Income Credit and Phaseout Percentages Table . The earned income credit is $fill in the blank 1MENU = a. Your grandmother left you an inheritance in the form of a trust. The trust agreement states that you are to receive R2 500 on the first day of each year, starting immediately and continuing for fifty years. What is the value of this inheritance today if the applicable discount rate is 6,20%? O b. III d. R66 811,30 R40 706,92 O C.R39 942,42 myExams R49 942,42
- 11. Amber and Berta share profits and losses equally after a 10% interest on their average capital balances. Consider additional capital contributions and permanent withdrawals as made at the end of the month. Total net income after tax for 2019 is P320,000. (see attached image, kindly answer it based on your knowledge, thank you! please answer both a and b, I need it in my assignment. Godbless! Thank you so much again! :)) Direction: Give the entries to record the distribution based on the following two independent cases: a) Partners' drawings are not used in determining the average capital balances. b) All changes in capital and drawing should be considered in determining the average capital balances.Razi need RM20,000 for his daughter education in 9 years, how many he deposits in his bank at the end of each year at 12% interest to get RM20,000 at the end of nine years. Select one: a. RM1,712.59 b. RM1,353.63 c. RM1,093.15 d. RM1,318.34Currently (in August, 2021), Abby wants to have $20,000 available in August 2025 to make a college tuition payment.To be able to have this amount available, Abby will make equal annual deposits in an investment account earning 12% annually in August 2021,2022,2023,2024, and 2025. What is the annual amount to be deposited? a.$5,548 b.$4,000 c.$3,148 d.$2,270