Alaina is diligent about checking her monthly statements for all her accounts, financial and otherwise. She notices some charges for pharmaceuticals that she had not purchased.Which type of theft does this scenario represent?
Trent is 25 years old and works for a company that matches his 401(k) contribution up to 5%. The interest rate for his 401(k) is 7.3%. If he puts away 10% of his $32,000 salary every year, what would the total of his 401(k) be in 10 years? Round your answer to the nearest cent. a. $67,266.16 b. $72,176.59 c. $33,250.60 d. $35,677.89 Please select the best answer from the choices provided
What proactive step should Jayden take to protect his personal identity after receiving an unexpected bill from a popular credit card company with which he does not have an account?
Determine the amount needed such that when it comes time for retirement, an individual can make monthly withdraws in the amount of $2,154 for 30 years from an account paying 5.1% compounded monthly. Round your answer to the nearest cent.a.$396,721.78b.$398,407.85c.$775,440d.$1,833,962.40
Mark is looking for professional financial assistance. Mark has never invested before and is not quite sure where to start. He knows that he wants to build up investments for future projects such as retirement, but he is not sure how to navigate investment in light of his existing debts. Recommend an appropriate financial professional for Mark. a. Full-service broker b. Discount broker c. Accountant d. Financial planner Please select the best answer from the choices provided
Cassie’s broker charges her a commission of $4.25 for every ten shares of stock bought or sold. Cassie buys 92 shares of Hyren Airlines, 130 of Giaco Household Goods, and 126 of Iwad Records. Hyren Airlines costs $13.70 per share, Giaco Household Goods costs $3.28 per share, and Iwad Records costs $8.06 per share. To the nearest dollar, how much money did Cassie spend in total?a.$3,851b.$2,850c.$2,702d.$2,551
Consider today’s stock listing for Enam Telecom, shown below.52 wk High52 wk LowSymbolDiv.CloseNet Change122.8664.77ENM3.4599.144.74If the lowest price in the past year occurred 48 days ago, find the approximate average change per day since then.a.$4.74b.$0.72c.$0.49d.$1.34
Which scenario represents a legally binding contract?
Read the scenario.Sarah owns an apartment building that she rents out to tenants. She let her insurance policy lapse due to financial difficulties. A severe storm caused significant damage to the building, and one tenant slipped and fell on a wet floor in the hallway, sustaining injuries.What consequences could Sarah face?
Broker P charges a commission of $8.50 for every ten shares of stock, and Broker Q charges a fee of $65.00 for every thousand dollars bought or sold. If stock in Ergar Appliances costs $18.75 per share and you buy 500 shares, which broker is the better deal, and by how much?a.Broker Q will charge $375.35 less than Broker P.b.Broker Q will charge $160.22 less than Broker P.c.Broker P will charge $184.38 less than Broker Q.d.Broker P will charge $425.00 less than Broker Q.
Rachel bought 1,500 shares of Cawh Consolidated Bank at a price of $24.85 each. As the price climbed, she sold off parts of her holdings. She sold off 250 shares at $28.32 apiece, she sold 800 of her shares at $33.60 apiece, and she sold off the remainder of her shares at $39.94 apiece. If Rachel’s broker charges a commission of $65 per $1,000 of stock bought or sold, how much profit did Rachel make, to the nearest dollar?a.$20,459b.$51,933c.$14,661d.$8,859
Liz owns stock in Nar Heating/Cooling and Cilla Shipping. She owns 120 more shares of Cilla Shipping than she does of Nar Heating/Cooling. Nar Heating/Cooling pays a yearly dividend of $5.78 per share, and Cilla Shipping pays a yearly dividend of $4.15 per share. If Liz receives $1630.02 in dividends annually, how many shares of Nar Heating/Cooling does she own?a.196 sharesb.114 sharesc.348 sharesd.282 shares
What is a consequence of risky or unsafe behaviors concerning home insurance?
Which of the following retirement plans places a maximum amount that an individual can contribute to the fund in a given year at $5,000?a.401(k)b.Tax-Deferred Annuityc.Pensiond.IRA
Who should you contact first if you have been a victim of identity theft?
Noah received a text from his streaming service that his account was on "HOLd.” The text instructed him to click the link and provide the required information to reactivate his account.How can Noah protect himself from identity theft?
Which describes the payment terms in a contract?
Maria's family has a health insurance plan. Her mother has $350 deducted from her paychecks each month.When Maria visited the doctor, her mother paid a $25 fee. The insurance company covered the rest of the cost of the visit.When Maria's mother went to the hospital, her family was responsible for paying the first $1,000 of the bill. After this payment, the insurance company covered the rest of the costs.
Why is understanding the dispute resolution clause important before entering a contract?
Ron is 30 years old and is retiring at the age of 65. When he retires, he will need a monthly income of $1,270 for 10 years. If Ron contributes 5% of his monthly income to a 401(k) paying 2.75% compounded monthly, will he reach his goal for retirement given that his monthly income is $1,571.12? If he does not make his goal then state by what amount he will need to supplement his income. Round all answers to the nearest cent.a.Ron will meet his monthly goal of exactly $1,270 for retirement.b.Ron will meet his monthly goal of $1,270 for retirement with an excess of $7.42.c.Ron will not make his monthly goal of $1,270 and will need $74.16 to supplement his monthly income when he retires.d.Ron will not make his monthly goal of $1,270 and will need $741.68 to supplement his monthly income when he retires.
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