You and your spouse are in good health and have reasonably secure careers. Each of you makes
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- You and your spouse are in good health and have reasonably secure careers. Each of you makes about $33400 annually. You own a home with an $87400 mortgage, and you owe $26400 on car loans, $5100 in personal debts and $4800 on credit card loans. You have no other debts. You have no plans to increase the size of your family in the near future. Average funeral expenses for the area are $8200.
Estimate your total insurance needs using the DINK method.
- Mark and Parveen are the parents of three young children. Mark is a store manager in a local supermarket. His gross salary is $68200 per year. Parveen is a full-time stay-at-home mom.
Use the easy method to estimate the family's life insurance needs.
- Assume you are in the 25 percent tax bracket and purchase a 8.0 percent municipal bond.
Calculate the taxable equivalent yield for this investment.
- Assume that three years ago you purchased a corporate bond that pays 8.5 percent. The purchase price was $1050.
What is the annual dollar amount of interest that you receive from your bond investment?
- Assume that three years ago you purchased a corporate bond that pays 8.5 percent. The purchase price was $1050.
What is the annual dollar amount of interest that you receive from your bond investment?
Related Book For
Focus On Personal Finance
ISBN: 9780077861742
5th Edition
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
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