Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What would it cost an insurance company to replace a family's personal property that originally cost $21000 ? The replacement costs for the items have

image text in transcribed
image text in transcribed
What would it cost an insurance company to replace a family's personal property that originally cost $21000 ? The replacement costs for the items have increased 6%. Your Answer: Answer Question 38 ( 0.5 points) Your employer provides a 401(k) plan with a matching contribution of 5% of your salary if you put in at least 5% of your salary. If your monthly salary is $3500, then how much must you contribute to your retirement account each month in order to receive the the matching contribution from your employer? Your Answer: You have saved $83,000 in a 401(k) account at retirement. What is the minimum annual rate of return would allow you to withdraw $10,000 each year forever without redcing your account value? Your Answer: Answer Question 40 ( 0.5 points) Your employer provides a 401(k) plan with a matching contribution of 7% of your salary if you put in at least 5% of your salary. If your monthly salary is $3600 and you contribute just enough to get the match, then how much money will be added to your account in total over one year? Your

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_2

Step: 3

blur-text-image_3

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

The International Handbook Of Public Financial Management

Authors: Richard Allen, Richard Hemming, B. Potter

1st Edition

1137574895, 978-1137574893

More Books

Students also viewed these Finance questions