Ted and Alice Hansel have a son who will begin college 10 years from today. School...
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Ted and Alice Hansel have a son who will begin college 10 years from today. School expenses of $42,000 will need to be paid at the beginning of each of the four years that their son plans to attend college. |
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What is the duration of this liability to the couple if they can borrow and lend at the market interest rate of 10.2 percent? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32.16161.) |
Homework Answers
![C D E Period (N) Payment (P) PVF @10.2% N*P*PVF | P*PVF 01 0.907441016| | ol 0.823449198 | 00 0.747231577 | | 0.678068582] |](http://img.homeworklib.com/questions/ea790530-7499-11ea-9161-89b3d4644812.png?x-oss-process=image/resize,w_560)
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Ted and Alice Hansel have a son who will begin college 10 years
from today. School...
Duration Ted and Alice Hansel have a son who will begin college 10 years from today....
Duration Ted and Alice Hansel have a son who will begin college
10 years from today. School expenses of $30,000 will need to be
paid at the beginning of each of the four years that their son
plans to attend college. What is the duration of this liability to
the couple if they can borrow and lend at the market interest rate
of 7.6 percent?
**can you please show work and formula
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Question 37 Muriel would like to support the education of her favourite grand-nephew, Stephen, who plans...
Question 37
Muriel would like to support the education of her favourite
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years.
How much will Muriel have to invest today, at 4 percent, to be able
to give Stephen $8,140 at the end of each year for 4 years?
(Round answer to 2 decimal places, e.g. 125.12. Do not
round your intermediate calculations.)
Question 31
Which of the following statements is incorrect?
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Duration Ted and Alice Hansel have a son who will begin college
10 years from today. School expenses of $30,000 will need to be
paid at the beginning of each of the four years that their son
plans to attend college. What is the duration of this liability to
the couple if they can borrow and lend at the market interest rate
of 7.6 percent?
**can you please show work and formula
Annual College Number of Years Total College in...
Question 37
Muriel would like to support the education of her favourite
grand-nephew, Stephen, who plans to begin university in 3
years.
How much will Muriel have to invest today, at 4 percent, to be able
to give Stephen $8,140 at the end of each year for 4 years?
(Round answer to 2 decimal places, e.g. 125.12. Do not
round your intermediate calculations.)
Question 31
Which of the following statements is incorrect?
An ordinary annuity has a greater PV than...
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $68,500 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses below: Cost of moving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman program $1,200 2,840 1,440 1,320 Calculate Evan's AGI and taxable income...
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