<span>The best advice to be given to Ms. Lee in regards to the
scenario is that she has the eligibility for a SEP in which she could enrolled
in before she could even move to the location where she would likely be
residing to. With this plan, if she notified about moving earlier or in
advance, the period will only last for about two months in addition.</span>
Answer:
7%
Explanation:
Interest income if Curtis invested
250,000 x 9% = 22,500
After tax interest income = 22,500 - (22,500 x 24%)
= 17,100
After tax rate of return = 17,100/250000
0.068
Approximately 7%
Answer: package mortgage
Explanation:
From the question, we are informed that Mr and Mrs. Haley are purchasing beachfront property in an upscale development and that the home comes equipped with all furnishings.
We are further told that the Haleys want to get a mortgage that will cover the purchase price plus all the furnishings. This shows that they are looking for package mortgage.
A package mortgage is a form of mortgage whereby the personal property and the furniture will have to be included when buying the house.
Answer:
$460,000 decrease
Explanation:
The computation of TLC's estimated change in revenues next year is shown below:-
TLC's estimated change in revenues next year = ((Consumer loan × Interest rate) + (Home equity loan × Interest rate) + (Corporate securities × Interest rate)) - ((Increased consumer loan × Decrease rate) + (Increase equity loan × Interest rate) + (Corporate securities × (1 - decreased percentage) × average interest rate))
= (($35.0 million × 0.12) + ($30.0 million × 0.O8) + ($5.0 million × 0.06)) - (($40.0 million × 0.10) +($32.0 million × 0.065) + (5 million × (1 - 20%) × 0.09))
=$6,900,000 - $6,440,000
= $460,000 decrease
Therefore for computing the TLC's estimated change in revenues next year we simply applied the above formula.
1.) A
2.) True
3.) False
4.) C
5.) C
6.) True
7.) True
8.) C
9.) True
10.) True
