Jack's annual income is $90,000. His son, Benny was born in 2014 and has never been a beneficiary of a RESP. If Jack opens a RESP today, and contributed $15,000, how much CESG will Benny receive?   Question 2 options:   $1000   $3000   $500   $2500

1. Jose Garcia's life long dream is to own a fishing boat to use in his retirement. Jose has  recently come into an in heritance of $400,000. He estimates that the boat he wants will cost $300,000 when he retires in 5 years. How much of his in heritance must he invest at an annual rate of 8% compounded annually) to buy the boat at retirement? 2. Refer to the data in BE6.7. Assuming quarterly compounding of amounts invested at 8%, how much of Jose Garcia's in heritance must be invested to have enough at retirement to buy the boat?

Donald Trumptobe decided to build his own dynasty. He is considering specifying in his will that at his death, $5,000 would be deposited into a special account that would earn a guaranteed 6% interest compounded daily. This money could not be touched for 100 years, at which point it would be divided among his heirs. Find the future value. (Round your answer to the nearest cent.) $ _______________

Shane wants to invest money in a 4% CD that compounds semiannually. Shane would like the account to have a balance of $160,000 four years from now. How much must Shane deposit to accomplish his goal? (FV of $1, PV of $1, FVA of $1, and PVA of $1). (Use appropriate factor(s) from the tables provided.) Multiple Choice $147,815 $136,558 $12,800 $25,600

Today, Barry reached his 50th birthday and he has $70,000 in his retirement fund. His goal is to have $500,000 on his 65th birthday. He can expect his investments to earn 13% compounded semiannually. How much will he have to invest at the end of every six months for the next 15 years in order to reach his goal? Group of answer choices $428.30 $926.14 $4,978.30 $1,722.84 $2,388.89

You purchased your home in 1992 for $345,000 and sold the house in 2022 for $1,050,000. What was your rate of return? Question 14 options: 3.40% 4.16% 3.06% 3.78%.

Ishan plans to retire at age 40 with a decent lifestyle. He assumes that he can safely earn a real return of 4% annually on his money and that he would need $4000 a month to last until he turned 90. How much money would he need to have accumulated at age 40 (to the nearest thousand) if he were going to retire and no longer earn any money? $1 500 000 $1 050 000 $2 980 000 $ 2 400 000

Don't answer by pen paper and don't use chatgpt otherwise we will give dounvote

An engineer is considering buying a life insurance policy for his family. He currently owes $65,000 and he would like his family to have an annual available income of $50,000 indefinitely. If the engineer assumes that any money from the insurance policy can be invested in an account paying a guaranteed 5% annual interest, how much life insurance should he buy? $1,000,000 $1,065,000 ● $2,000,000 $2,130,000

JD is refinancing his home in Tampa. How much will he pay in total Florida Documentary Stamp and Intangible Taxes on his new $100,000 mortgage? $150 $5,500 $1,500 $550