Ted owns a Lexus worth $44,100. He owns a home worth $275,000. He has a checking account with $740 in it and a savings account with $1,720 in it. He has a mutual fund worth $88,350. His personal assets are worth $103,650. He still owes $30,890 on his car and $149,600 on his home, and he has a balance on his credit card of $1,190. What is Ted's net worth? Net worth

Jimmy has fallen on hard times recently. Last year he borrowed $343,000 and added an additional $73,000 of his own funds to purchase $416,000 of undeveloped real estate. This year the value of the real estate dropped dramatically, and Jimmy’s lender agreed to reduce the loan amount to $316,000. For each of the following independent situations, indicate the amount Jimmy must include in gross income: (Leave no answer blank. Enter zero if applicable.) Problem 5-60 Part-c (Algo) c. The real estate is worth $277,800 and Jimmy has $47,200 in other assets but no other liabilities. Amount Included in Gross Income

2. Assume that you are a swap dealer and have just acted as a counterparty in an interest rate swap. The notional principal for the swap was $8 million and you are now obligated to make 6 annual payments of 4% interest. The floating rate that you will receive annually is LIBOR + 1%. The LIBOR is expected to be 2.6% for year 1, 2.8% for year 2, and 3.5% thereafter. Compute the net present value of your swap agreement at a discount rate of 6%?

Mitch and Bill are both age 75. When Mitch was 23 years​ old, he began depositing ​$1300 per year into a savings account. He made deposits for the first 10​ years, at which point he was forced to stop making deposits.​ However, he left his money in the​ account, where it continued to earn interest for the next 42 years. Bill​ didn't start saving until he was 46 years​ old, but for the next 29 years he made annual deposits of ​$1300. Assume that both accounts earned an average annual return of 4​% ​(compounded once a​ year). Complete parts​ (a) through​ (d) below. A) How much money does Mitch have in his account at age 75? B) How much money does Bill have in his account at age 75.  C) Compare the amounts of money that Mitch and Bill deposit into their accounts. Mitch deposits _ in his accunt and Bill deposits _ in his account. D) Draw a onclusion about the parable. Choose the correct answer.  -Bill ends up with more money in his account than Mitch because he makes more deposits than…