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marysya [2.9K]
2 years ago
10

A 60-year old customer has a 401(k) account with your firm that has $280,000, mainly invested in growth mutual funds. The custom

er has an elderly widowed aunt who has died, and her estate attorney has contacted him, notifying him that he has been left $100,000 as an inheritance. The customer is single and has an annual income of $100,000 per year. He wants to use the inheritance to buy a retirement home, which he expects to do in 7 years. Over this investment time horizon, the general expectation is that interest rates will rise. The best recommendation to the customer is to invest the $100,000 in:
Mathematics
1 answer:
KiRa [710]2 years ago
6 0

Answer:

Money Market Instruments

Step-by-step explanation:

Money market instruments can be defined as a form of securities that help to provide businesses, banks as well as the government with large sum of amounts of low-cost capital for a short period of time because the financial markets tend to meet longer-term cash needs while Businesses tend to need short-term cash due to the fact that payments for goods and services sold might take months which is ‘Money Market’ are often been used to help to define a market where short-term financial assets are traded because they aim to increase the financial liquidity of a businesses company's or organization's.

The best recommendation to the customer is to invest the $100,000 in: MONEY MARKET INSTRUMENTS

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Your cell phone plan charges a base charge each month plus a charge per daytime minute of usage and December used 510 daytime mi
algol13

Answer:

In February, 423 daytime minutes is used

Step-by-step explanation:

Let the base plan charges be x

And cost per daytime minute be y

In December,

x  + 510y =  92.25------------------(1)

In January,

x + 397y = 77.56---------------------(2)

Subtracting eq(2) from eq(1)

x  + 510y =  92.25

x + 397y = 77.56

-------------------------------

0  + 113y = 14.69

-------------------------------

y = \frac{14.69}{113}

y =  0.13----------------------------------(3)

Substituting (3) in (1)

x  + 510(0.13) =  92.25

x + 66.3 = 92.25

x = 92.25 - 66.3

x = 25.95

So In February

base plan  + (daytime minute)(cost per daytime minute) = 80.9

25.95 + (daytime minute)(0.13) = 80.9

(daytime minute)(0.13) = 80.9 - 25.95

(daytime minute)(0.13) = 54.95

(daytime minute) =\frac{54.95}{0.13}

daytime minutes = 422.69

daytime minute  \approx 423

3 0
2 years ago
Amy hiked 3.25 miles farther than Meng. Amy hiked 7 miles. Which equation can be used to find the number of miles, x, Meng hiked
Verdich [7]
Let distance covered by Meng be 'x' (given)

x+3.25=7

5 0
2 years ago
Read 2 more answers
State, with an​ explanation, whether the​ mean, median, or mode gives the best description of the following average. The average
erma4kov [3.2K]

Answer:

The mean is the better method.

Step-by-step explanation:

The best way to meassure the average height is throught mean. The mean of a sample is the average of that sample's height, and it will be a good estimate for the population's average height.

The mode just finds the most frequent height. Even tough the most frequent height will influence the average height, knowing only what height is the most frequent one doesnt give you enough informtation about how the height is centrally distributed.

As for the median, it is fine to use the median of a sample to estimate the median of the population, but if you use the median to estimate the average height you may have a few issues. For example, if you include babies in your population, the babies will push the average height down a lot and they are far below te median height. This, as a result, will give you a median height of a sample way above the average height of the population, becuase median just weights every person's height the same, while average will weight extreme values more, in the sense that a small proportion of extreme values can push the average far from the median.

8 0
1 year ago
Mario has a 500 page novel which he is required to read over summer break for his upcoming language arts class if Mario read 24
KonstantinChe [14]

Answer:

p(d) = 24p + 500d

Step-by-step explanation:

p(d) = 24p + 500d

hopefully this helps ;)

Can you answer my question pleaseeee?

3 0
2 years ago
Marissa ate six slices of pizza from the 16-piece large pizza. What percent of the pizza did she eat?
olya-2409 [2.1K]

Answer:

0.96%

Step-by-step explanation:

look on google and search dollar times it helps with problems like this

hope this helps

7 0
1 year ago
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