Reference no: EM131190116
John Jones is married, with a son, and would like to purchase enough life insurance to provide the following for his family.
Pay off home mortgage $200,000
Pay off car loan 20,000
Final burial expenses 10,000
College education for his son 60,000
Annual living expenses for his family 60,000/year for 20 years
If he were to die, his son and wife would receive $14,400 annually for 12 years from Social Security. His wife is also the primary beneficiary of his $100,000 group life policy. Given this information, how much more life insurance does John need? Additionally, John would like to keep his cash outlay as low as possible and the insurance policy that he purchases to last only 20 years.
What type of insurance policy would you recommend?
Show all calculations for full credit.
|
Compute the required pressure in the oil
: A hydraulic cylinder must be able to exert a force of 38.8 kN. The piston diameter is 40 mm. Compute the required pressure in the oil.
|
|
Financial planning environment
: 1. What are the stages of an economic cycle? Explain their significance for you personal finance. 2. Describe employee benefit and tax planning. How do they fit into the financial planning environment?
|
|
Explain why organizational structures differ
: In a PowerPoint presentation (approximately 9 slides), explain why organizational structures differ. Define and provide an example of the four reasons why structures differ, which are as follows: strategy, organizational size,
|
|
Determine the force components of the water on the nozzle
: Determine the force components of the water on the nozzle and the magnitude of the resultant force. The pressure in the hose is 400 kPa and the water exits to the atmosphere.
|
|
What type of insurance policy would you recommend
: John Jones is married, with a son, and would like to purchase enough life insurance to provide the following for his family. If he were to die, his son and wife would receive $14,400 annually for 12 years from Social Security. His wife is also the pr..
|
|
Have you ever engaged in social loafing while on a team
: Based on your self-assessment, what do you see as your strengths and weaknesses regarding working on a team? Have you ever engaged in social loafing while on a team? Why or why not? How does working effectively on a team give you an advantage in the ..
|
|
Explain risk methodologies used in capital budgeting
: What financial figure do you believe was the determinant to your decision and why? How would you be able to apply this particular financial information to other situations? Discuss risk methodologies used in capital budgeting.
|
|
Identify key ways that apples progress report has changed
: Identify the key ways that Apple's Progress Report has changed since last year.- Examine the manner in which Apple's Supplier Code of Conduct helps the organization operate as a socially responsible organization.
|
|
Journalize the adjusting entries
: The trial balance of Bellemy Fashion Center contained the following accounts at November 30, the end of the company's fiscal year., Journalize the adjusting entries
|