Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

The Federal Deposit Insurance Corporation insures deposits up to $250,000 per person per financial institution. If a person has $187,000 in an individual account, and

The Federal Deposit Insurance Corporation insures deposits up to $250,000 per person per financial institution. If a person has $187,000 in an individual account, and $129,000 in a joint account, what amount exceeds the FDIC coverage for that person?

$250,000

$0

$251,500

$2,550

$1,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Stock Market Investing For Beginners

Stock Market Investing For Beginners

Authors: George Graham

1st Edition

1914346432, 978-1914346439

More Books

Students also viewed these Finance questions

Question

★★★★★

Using the information below, prepare a spreadsheet that will calculate an individuals taxable income. The spreadsheet should be flexible enough to accommodate single and married taxpayers as well as...

Answered: 1 week ago

Question

★★★★★

Buckaroo Company and Yearling Company entered into the following transactions: a. Buckaroo Company sold merchandise to Yearling Company for $135,000, terms 2/10, n/30. b. Prior to payment, Yearling...

Answered: 1 week ago

Question

★★★★★

7.51 Road Trip! Parents with children list a GPS system (28%) and a DVD player (28%) as "must have" accessories for a road trip. 12 Suppose a sample of n = 1000 parents are randomly selected and...

Answered: 1 week ago

Question

★★★★★

Madison Thorne works in a public accounting firm and hopes to eventually be a partner. The management of Allnet Company invites Thorne to prepare a bid to audit Allnets financial statements. In...

Answered: 1 week ago

Question

★★★★★

Choose a business which is convenient to do from your home and discuss your opinion why it is going to be convenient and beneficial to run from your home. Explain what the purchase agreement should...

Answered: 1 week ago

Question

★★★★★

Prepare a financial plan for the company you select for your business plan, this should be a company that you start (for example daycare or beauty salon) versus an existing publicly traded company....

Answered: 1 week ago

Question

★★★★★

Amy plans on putting $300 at the beginning of each month into a retirement savings account for the next 30 years (when she will retire). If the account earns J12 = 4.8%, how much money will be in her...

Answered: 1 week ago

Question

★★★★★

Gladiator Enterprises utilizes a 10% contingency reserve and a 2% management reserve for all its projects. The planned value (PV) during the first month of implementation of this project, is $13,000,...

Answered: 1 week ago

Question

★★★★★

Case Study: The mobile phone industry The mobile phone industry case is contained in the two Economist articles, "Battling for the palm of your hand" and "Upwardly mobile". Link:...

Answered: 1 week ago

Question

★★★★★

Jack and Jill recently negotiated a rate of 2% on their mortgage loan that has a 5-year term and 25-year amortization period. The Bank of Canada 5-year benchmark mortgage rate is 4.8%. What would be...

Answered: 1 week ago

Question

★★★★★

Question 15 Which premise doesn't address accident prevention? Accidents are always human error. O Accidents have causes. Accidents involve hazards that lead to unsafe acts and conditions. Accidents...

Answered: 1 week ago

Question

★★★★★

Billy Davis has applied for a $9,000 loan to buy a pre-owned automobile. As credit manager of A-1 Finance Corporation, you learn during a credit check that Billy is behind on payments for debts on...

Answered: 1 week ago

Question

★★★★★

Why is analyzing your receiver important when planning a persuasive message? (Objective 2)

Answered: 1 week ago

Question

★★★★★

For the past year, the local city bus company stopped twice daily at the main entry of Super Mega Shopping Mart for passengers to exit or enter the bus.With the heavy traffic near this entrance, the...

Answered: 1 week ago

Previous Question Next Question