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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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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.
It is as safe as AIG is. No fixed annuity has ever lost any money, but bottom line, AIG backs the fixed annuity
What is furture value of 5 year ordinary annuity that promises to pay 300 each year at 7 interest rate?
They pay 22% of 4.19 billion dollars. You do the math. In 2010 the United States paid over 7.6 billion dollars to the UN. Payments to UN peace keeping / defense missions are …not part of the regular budget. The State Department budget paid 5.5 billion, other agencies, such as Agriculture contributed various amounts to different US initiatives.
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
Each person should pay $3.75 Because 3.75*23= 86.20
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?
If you have been court ordered to pay child support that money must go directly to the other parent. It does not matter what else you buy your child it will all be considered… gifts. Your legal obligation is to pay the amount specified. In other words, it does not matter if you pay 100% tuition, 100% for a car, 100% for a mansion for your child. You would still be obligated to pay the support to the other parent. see link
When an old person can no longer pay bills, it depends on what kind of bills the elderly person can no longer pay. Some elderly people have learned the hard way that they coul…d no longer live in a house that cost $100,000 a year for up keep. Others have become totally destitute when they lost their house with no income. This is the time when a recognized business, good friend, a social worker, or a church or equivalent group should sit down with the person and review the options. Frequently, a family member is too close. The solution could be anything from an apartment, assisted living, nursing home, to a home for the indigent aged. It all depends on circumstances. All you have indicated is that the former way has come to an end. Another option: If your home is paid for, or even almost paid for, you have a couple of options with it. You can sell it, then pay off the balance of the mortgage, and then use the rest of the equity to help support yourself in a low rent apartment. If you have a relative you feel close to (such as a grown child, sister, niece, etc.) whom you could live with, that would be even better, because it would save you a lot in living expenses. The other option is a reverse mortgage. This is where a company buys your home, yet you still get to live in that home for the rest of your life. But then, when you die, the house becomes the legal property of the company that bought your house in the reverse mortgage. Of course, this means you would not be able to leave your home to your children, so if that's something that is important to you, then you may not want to do it. But your financial and living comfort now should take priority over most other things. Another Option: The person should apply for government subsidized elderly housing. Their rent will include utilities and will be based on their income. They (or their advocate) should call their town offices to see if there is a department of elder affairs where they could obtain help and guidance.
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
5 yrs @ 7% = 35% in total. 35% of 15000 = 35 x 150 = 5250
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