What would you like to do?
If you have an annuity of 10K that pays about 5 percent each year should you use that to pay as much of your tuition bill as you can?
Assuming that the annuity in question is a "deferred" annuity (that is, that it is not already providing regular annuity payments), the answer depends upon whether you're over 59 1/2 or not. If you're not, any distributions from that annuity will be taxable as Ordinary Income AND subject to a 10% penalty tax - 10% of the amount of the distribution (IRC Sect. 72(q)). Not a very attractive result. If you're over 59 1/2 and still attending school, BRAVO! But the distribution from your annuity will still be taxable (but without that 10% penalty tax).
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Answer That depends on what school you are attending.
Yes. A better educated populace benefits the economy and improves a country's global standing. The cost would be deflected, so that young people wouldn't graduate college dr…owning in student loans with impossibly high interest rates.
The price of tuition will differ depending on the college and if the student has scholarships. However, the average amount is around $30,000 for a 2 year degree.
First, this question does not make sense, at least as it was phrased. However, for sake of providing the answer which I believe is being sought. Since most companies and busin…esses bill customers, let's assume you meant; A VENDOR has billed you a year late. It may actually depend more on the service or product that was being provided to you and the terms you previously agreed to with that Vendor. Of course this could vary greatly depending on which state you are registered with and doing business in. Also it may be dependant on what type business you have or even the service or product you are being charged for. Most importantly, Did you request the service or product? If this was for a product, was the product received? Or then again maybe this was for an item that was placed on such as a back order? If so and you did not cancel the order. Or you actually already received the product, than Yes. Now, lets say it was for a service such as Janitorial or Landscaping,or some other maintenace cost such as an added charge out of the normal or typical duties of their job. Lets say something like painting a room. Whereas the billing could have easily been a simple oversight and or perhaps it was thought to have been previously billed. Or maybe it was billed but they have not yet received payment from you, yet is a valid charge for services requested by you and already rendered by them. Yes you need to pay the bill. There may be a few variances which could play out more in your favor, so if you would like to rephrase the question and provide more of the pertinent information, such as location, type or your business, their business and describe the transaction, who was providing who with what. The answers may change or not, although they could be more accurate of your individual situation.
Mrs Ang used 10 5 and 2 notes to pay for her son's tuition fee and if the tuition fee was 180 and mrs Ang gave 25 notes to the tutor how many of each type of notes did the tutor receive?
14 X $10 notes 6 X $5 notes 5 X $2 notes
An annuity pays out 20000 per yer in perpetuity if the intereset rate is 5 percent compounded annually find the presenet value of the whole annuity?
get a job and work
Determine the future value of an annuity into which quarterly deposits of 450 are made for 9 years if the annuity pays 10 percent compounded quarterly?
Yes, you will have to pay tuition, room and board and all the associated fees every year (actually every term, semester or quarter) in college. You should also be aware that, …except under rare circumstances, the tuition amount will increase every year.
You wish to invest 1700 over one year in two accounts paying 5 percent and 6 percent annually How much should you invest in each to earn 93?
here is where we will use a variable to solve our situation. The unknown quantities are the two amounts we are investing in each account. So lets call them x and y. We kno…w that if we have x amount of dollars in one account, we will have 1700 minus x in the other. so we can throw away y and call it (1700-x). Now we don't know what x * 0.05 = and we don't know what (1700-x) * 0.06 = . But we do know that if we add them together we will get 93. So we can say that x * 0.05 + (1700-x) * 0.06 = 93. Solving for x we get => 0.05x + 1700*0.06 -0.06x = => -0.01x = -9 => x = $900 and the other amount therefore would be 1700-900 or $800 So lets try it $900 * 0.05 + $800 * 0.06 = =$45 + $48 =$93
No. Most schools will work with your family in regards to payments, but the norm is to have an installation of several payments over the course of the four years.
In Video Games
It is best purchased with extra games and accessories for under $50, but if you only get the items that come with a new Slim PS2 you should pay about $20-30 dollars for the co…nsole that has a $99.99 dollar retail price in new condition with full warranty
If you deposit 10000 in a bank account that pays 8 percent interest anually how much would be deposited in your account after 5 years?
(10000)(0.8)(5)/100 ~ 10400
The tower of London doesn't pay any tax because its a Crown property and Her Majesties Revenues and Customs do not tax themselves.
The current US debt as of June, 2013 is 1$6,787,451,118,147 and there are just over 7 billion people in the world. So if we divided the debt by 7 billion the amount each would… pay is $2398.21.