Question: Problem 2(required for homework) Using the information from problem 1 above, estimate Louise's gross retirement income once she retires. Assume the following annual rates of

Problem 2(required for homework)

Using the information from problem 1 above, estimate Louise's gross retirement income once she retires. Assume the following annual rates of return apply to her investments at the time of her retirement:

Cash-management trust 2.0%
Bank savings account 0.5%
Fixed interest 5.0%
Shares 3.5%

Problem3(required for homework)

Marjorie, a single homeowner Age Pensioner, has total assessable assets for social security purposes of $280,000, consisting of $100,000 in lifestyle assets and $189,000 of financial investments. Determine her Age Pension entitlement and gross income from all sources, assuming the financial investments earn $10,000 per annum.

Problme 5(required for homework)

Stan and Jane own a house valued at $450,000. They sell their home and decide to give their children $250,000. How will the deprivation rules apply in this case?

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