Recommendation to pay for children education

Assignment Help Finance Basics
Reference no: EM131041744

"Tom and Betty have AGI of $150,000 and have not planned for their children s education. Their children are ages 18 and 17 and the parents anticipate paying $20,000 per year, per child for education expenses. Which of the following is the most appropriate recommendation to pay for the children s education?"

  • 529 Savings Plan.
  • PLUS Loan.
  • Pell Grant.
  • Coverdell ESA

Reference no: EM131041744

Questions Cloud

Draw diagrams of the environment in effect : Draw diagrams of the environment in effect when evaluating the expression in the procedure in the text, comparing how this will be structured when definitions are interpreted sequentially with how it will be structured if definitions are scanned o..
Service costs of employing additional checkout clerks : There are approximately 300 customers shopping in Fackert Department Store in Mexico City between 9 a.m. and 5 p.m. on Saturdays. All those entering the store will make purchases. When deciding how many cash registers to keep open each Saturday, owne..
What is the alpha of john s stock : "John purchased a stock that has a beta of 1.2, a standard deviation of 13%, and returned 16% this year. The market s return was 12% with a standard deviation of 14%. If the risk free rate of return is 3%, what is the alpha of John s stock?"
Social media marketing depends on involvement-word-of-mouth : Social media marketing depends on involvement and word-of-mouth. However, there are risks when using social media marketing. Discuss the pros and cons of using social media such as LinkedIn, Facebook, and online blogs as part of an integrated marketi..
Recommendation to pay for children education : "Tom and Betty have AGI of $150,000 and have not planned for their children s education. Their children are ages 18 and 17 and the parents anticipate paying $20,000 per year, per child for education expenses. Which of the following is the most app..
Which resource is slack : A local bagel shop produces two products: bagels (B) and croissants (C). Each bagel requires 6 ounces of flour, 1 gram of yeast, and 2 tablespoons of sugar. A croissant requires 3 ounces of flour, 1 gram of yeast, and 4 tablespoons of sugar. For the ..
Described for interpreting internal definitions : In this exercise we implement the method just described for interpreting internal definitions. We assume that the evaluator supports let (see exercise 4.6)
Bank today to begin retirement : Ed and Linda are near retirement. They expect to be in retirement for 25 years. Inflation is 4%, they need 47500 annually, and they are making 6.5% interest. How much do they need in the bank today to begin retirement.
How will expand my professional network : What is your personal marketing strategy; i.e., what do you plan to do to ensure you achieve your goals? (Some questions you might reflect on in your response include: How will I penetrate the hidden job market? How will expand my professional networ..

Reviews

Write a Review

Finance Basics Questions & Answers

  Estimate the expected real rate of return

If the real rate of return is expected to be the same for the thirty-year bond as for the ten-year bond, estimate the average annual inflation rate expected by investors over the life of the thirty-year bond.

  Which one of terms correctly describes a feature of debt

The face value is $1,000 and the market price is $1,020. Which one of these terms correctly describes a feature of this debt?

  Basic time value of money

It is a common fact that many lottery winners are "broke" sooner than later. If you won a $1,000,000 lottery, would you want to collect the lump sum winnings today or receive the monies over time? How does your decision influence the ultimate amount ..

  Financial risk management strategies

Have created questions about how risk management products and strategies should be handled for accounting reporting purposes.

  What minimum yearly cash inflow will necessary for company

what minimum yearly cash inflow will be necessary for the company to go forward with this project? b. How would the minimum yearly cash inflow change if the company required a10% return on its investment?

  Determine the appropriate discount rate to net present value

Discuss the factors that determine the appropriate discount rate to use when calculating the net present value. What simplifying assumptions were made in the chapter regarding calculation of net present value?

  Stocks and other assets

Assess the factors you should consider when advising a client to invest in stocks, bonds, real estate, or some other financial instrument.

  What are the similarities and differences in preferred

what are the similarities and differences in preferred stock and debt as sources of financing for a

  Sustainable growth if the parodies corp has a 16 percent

sustainable growth if the parodies corp. has a 16 percent roe and a 20 percent payout ratio what is its sustainable

  Accrual accounting information is conceptually more

accrual accounting information is conceptually more relevant than cash flows. describe empirical findings that support

  The book value of the fixed assets is pound15 million and

five years ago frater zahns company invested pound38 million-pound30 million in fixed capital and another pound8

  Calculate the average rate of return for each stock

Assume that you are planning to hold a portfolio consisting of 50% of Stock M and 50% of Stock W. What is the realized rate of return on the portfolio in each year?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd