If Tanya's husband were to die, she and her children could live on $60,400 per year. Tanya makes $33,100 annually, and estimates additional income of $21,500 from other sources. How much insurance should she purchase on her husband to cover the shortfall, assuming a 16.7% prevailing interest rate? (Round your answer to the nearest $1,000)
A) $28,000
B) $36,000
C) $35,000
D) $30,000
C
You might also like to view...
Denis bought a diamond ring on credit from Pavel as an engagement present for his fiancée. He signed a purchase money security agreement giving Pavel a security interest in the ring until it was paid for. Pavel did not file a financing statement covering its security interest. Denis filed for bankruptcy. The bankruptcy trustee claimed that the diamond ring was part of the bankruptcy estate because Pavel did not perfect his security interest. Pavel claimed that it had a perfected security interest in the ring. Did Pavel have to file a financing statement to perfect its security interest in the diamond ring?
What will be an ideal response?
In a scientific approach to accounting:
a. a great deal of latitude is allowed in measurements. b. there is a low degree of objectivity. c. the intention is to provide information useful for either predictive or assessment purposes. d. the straight-line method of depreciation would always be used.
Complete the statement, using the following terms
increase, decrease, or have no effect on. Increases in sales price per unit ________ contribution margin per unit and ________ the breakeven point. What will be an ideal response
There are over 316 million people living in the United States.
Answer the following statement true (T) or false (F)