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Question - You are a fresh graduate of 22 years of age. You plan on buying a car at age of 25, and a new car every 5 years thereafter. You plan on getting married at age of 30, and 1 child at age of 31. You and your spouse both plan on buying a house at age 35 to be financed by a loan which requires a 20% deposit over a twenty-year term. The house will provide you with a place to stay and will provide some rental income. You need to save for the education costs of your child. You both then need to plan for your comfortable retirement.
Please discuss the major goals of the family and how would they go about achieving each goal. Please be specific to how they would achieve each goal, and show the necessary, hypothetical calculations in the form of annuities, time value of money?
you recently decided to enter the world of politics due mostly to your frustration with your local governments spending
kolbys korndogs is looking at a new sausage system with an installed cost of 777000. this cost will be depreciated
Following are selected accounts for Green Corporation and Vega Company as of December 31, 2010. Several of Green's accounts have been omitted. Compute the book value of Vega at January 1, 2006
Fixed expenses charged to the department are $65,000 per year. It is estimated that $40,000 of these fixed expenses could be eliminated
Daniel deposits $2,000 per year at the end of the year for the next 15 years into an IRA account that currently pays 7%. How much will Daniel have on deposit at the end of the 15 years
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Jennifer Company reports the following amounts for 2010: Net income $135,000. The 2010 rate of return on common stockholders' equity is
1.which of the following is not a permissible method of calculating a bonus to an employee?a. the bonus is based on
For the subsidiary that was not consolidated, what amount of income would have been included if this subsidiary had been consolidated
A manufacturer has beginning and ending finished goods inventory of $500,000 and $400,000 respectively. Also, the cost of goods manufactured id $120,000. what is the cost of goods sold?
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