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Copayment. Nareem’s hospital stay cost $7,575 and his insurance requires a copayment of $500. How much will his insurance pay for his hospital bill?
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Impact of College Choice on Net Worth. Remi and Raina will both receive $100,000 from their grandfather when they graduate college next month. Remi went to a public university and accumulated $25,000...
See AnswerQ: Income Method. Nancy is a widow with two teenage children.
Income Method. Nancy is a widow with two teenage children. Nancy’s gross income is $4,000 per month, and taxes take about 25% of her income. Using the income method, Nancy calculates she will need to...
See AnswerQ: Amount of Insurance Needed. Peter is married and has two children
Amount of Insurance Needed. Peter is married and has two children. He wants to be sure that he has sufficient life insurance to take care of his family if he dies. Peter’s wife is a homemaker but atte...
See AnswerQ: Amount of Insurance Needed. Marty and Mary have jobs and contribute
Amount of Insurance Needed. Marty and Mary have jobs and contribute to the household expenses according to their income. Marty contributes 75% of the expenses, and Mary contributes 25%. Currently, the...
See AnswerQ: Value of Investment. Morris will start investing $1,500
Value of Investment. Morris will start investing $1,500 a year in stocks. He feels he can average a 10% return. If he follows this plan, how much will he accumulate in ten years? In twenty years? In t...
See AnswerQ: Precious Metals Returns. Gemma purchased twelve ounces of gold for $
Precious Metals Returns. Gemma purchased twelve ounces of gold for $1,344 an ounce. She sold the gold one year later for $1,534 per ounce. What was her dollar return? What was her percentage return?
See AnswerQ: Capital Gains Tax. Thomas purchased 400 shares of stock A for
Capital Gains Tax. Thomas purchased 400 shares of stock A for $23 a share and sold them more than a year later for $20 per share. He purchased 500 shares of stock B for $40 per share and sold them for...
See AnswerQ: Capital Loss. Charles recently sold 500 shares of stock A for
Capital Loss. Charles recently sold 500 shares of stock A for $12,000. In addition, he sold 600 shares of stock A for $6,000. Charles had paid $20 per share for all his shares of stock A. What amount...
See AnswerQ: Ethical Dilemma. Carlo and Rita’s daughter just celebrated her 16th birthday
Ethical Dilemma. Carlo and Rita’s daughter just celebrated her 16th birthday, and Carlo and Rita realize they have accumulated only half the money they will need for their daughter’s college education...
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