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crchicota crchicota
wrote...
Posts: 370
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6 years ago
List at least three potential sources of retirement income.

Q. 2

Describe how to determine what monthly rent to charge when renting a property.

Q. 3

What are the three major categories of insurance designed to protect you from financial hardship?

Q. 4

An investor redeemed 500 shares of a mutual fund at their net asset value of 9.79. His total investment in the shares was 4,412.38. What was the investor's profit or loss on the sale?

Q. 5

Hank bought 25, 1,000 Hampton Railroad bonds at 100.823. The broker charged a commission of 4 per bond. What total investment did Hank make in the bonds?

Q. 6

Byron Martin bought 140 shares of common stock at 18.60. His broker charged him a commission of 85. Six months later Byron sold the same stock for 19.24 a share. The commission and fees on the sale were 94. What was Byron's profit or loss?
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Replies
wrote...
6 years ago
Ans. #1

Social Security benefits, a personal pension plan, a company, union, or organization sponsored pension plan, income from stock or mutual fund investments, a savings account, an individual retirement account

Ans. #2

First find your total annual expenses. Add to this the amount you want to earn as net income on your investment. Divide this sum by 12 to find the monthly rent to charge.

Ans. #3

life insurance, health insurance, disability insurance

Ans. #4

482.62 profit

Ans. #5

25,305.75

Ans. #6

89.40 loss
crchicota Author
wrote...
6 years ago
Excellent answers
wrote...
6 years ago
Thank you
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