1.Which one of the following is a desired outcome of estate planning?

A) The court determines how the deceased's wealth is distributed.

B) The deceased's wealth is sheltered from unnecessary taxes.

C) All family controversy is eliminated.

D) The deceased's wealth is sheltered from all taxes.

2.Which one of the following statements is true about estimating expense?

A) Estimating future assets is a good starting point.

B) Last month's and last year's expenses are not a good starting point.

C) Many of the same expenses do not occur each month.

D) Large, unusual expenses such as buying a car should not be include.

3.Allison uses cash in a savings account to pay off a credit card bc liquidity ratio if it was 3.0 before the transaction?

A) Stays the same

B) Increases

C) Decreases

D) Reducing cash is neutral to the liquidity ratio

4.In 2018 Solotech employee But received $85.000 in salary and had deducted at source. Also, in 2018 he had personal expenses of $64 was Bart's 2018 savings rate?

A) 13.0%

B) 9.9%

C) 11.5%

D) 41.2%

5.Beyonc has a 5-year, $20,000 bank loan at 5.5% compounded se monthly payment?

A) $379.73

B) $380.79

C) $382.02

D) $381.45

6.Clarence invests $50,000 in a fund guaranteeing six annual payment of return?

A) 18.3%

B) 19.1%

C) 12.5 %

D) 12.2%

7.Charlize invests $500,000 expecting to receive $100,000 at the e of year 2, and $300,000 at the end of year 3. What is her expecting

A) 8.2%

B) 32.6%

C) 6.1 %

D) 30.5%

8.Dominic wants to accumulate $1 million by making equal annu 17 years. He currently has savings of $75,000. Assuming Domini period, how much must he deposit at the end of each year?

A) $50,145

B) $39,084

C) $40,256

D) $51,649

9.Government of Canada 10-year bond yleids are 9% aond Deanna hos on oppe per year. What is the value to her today of the following cosh flows?

Year Cash flows

1 to 3 $20000 per year

4 $30000

5 to 10 $35000 per year

A) $158,553

B) $183,106

C) $251,685

DI $108,451

10.Eric's credit card charges 18 % and uses the previous balance method to does he owe on a balance of $1,900 for a 30 day billing period?

A) $30.97

B) $28.50

C) $34.20

D) $28.11

11.Which one of the following statements is true regarding revolving open-end?

A) Interest and principal is owing and payable each year on December

B) Interest is charged each month on the outstanding baliance.

C) Interest is charged each month on the specified maximum amount.

D) The consumer must pay the entire amount borrowed each month.

12.What is the interest portion of the first monthly payment on a 3-year, $1?

A) $75.00

B) $73.63

C) $72.07

D) $70.48

13.Which one of the following statements is correct?

A) Condominium owners are responsible for leaky roof repairs over.

B) Condominium owners also own the land on which the condomin.

C) Condominium owners share the maintenance fees of common.

D) Condominiums have more privacy than single family homes.

14.Karl invests $124,090 in a fund and expects to receive $10,000 per y is the annual rate of return?

A) 11.5%

B) 7.0%

C) 6.0 %

D) 8.6 %

15.What is the present value of an annuity due of $1,550 each year t of 6.6 % per year?

A) $14,481

B) $14.014

C) $14,939

D) $15,437