Victor Oladipo is retiring from the NBA. Under terms defined by his professional league, Mr. Oladipo has a choice. He can receive either (a) monthly payments of $21,000 each for 20 years (240 total monthly payments) with the first monthly payment occurring precisely five years from today or (b) monthly payments of $18,425 each for 20 years (240 total monthly payments) with the first monthly payment occurring one month from today. The appropriate rate for valuing these cash flows is 2.64%/year. A creative investments firm in Carmel, IN wants to purchase the rights to this retirement package today. Victor is interested in receiving a lump sum of cash today in exchange for the retirement package. Both parties are in agreement on all information provided here. Calculate a fair price at which such an exchange could occur

Kaye is participating in the Home Buyer's Plan (HBP) where she bought her first home a few years ago. At that time, she withdrew $30,000 from her Registered Retirement Savings Plan (RRSP) for the downpayment. Under the March 2019 rules for the HBP, Kaye was to make minimum required repayments of $2,000 over 15 years. To date she has made HBP repayments of $2,000 in 2021, $2,000 in 2022 and $2,000 in 2023. In 2024 she contributes $10,000 to her RRSP and designates that amount as a repayment under the HBP for 2024. Which statement is correct regarding Kaye's situation?(ignore the proposed Budget 2024 legislation) Question 25Select one: a. Kaye still owes $14.000 under the HBP, but can take a $10.000 RRSP deduction on her 2024 tax returns for the HBP repayment. b. Kaye still owes $14,000 under the HBP, but can take a maximum $2,000 RRSP deduction on her 2024 tax return for the HBP repayment. C. Kaye has a penalty to pay for the $10,000 repayment which is above the annual repayment amount.…

No one has been making payments on her federal student loan on an income-based repayment plan for the last 22 years. Under the terms of her playing the remaining balance will be forgiven after another three years of payments in 2024. Under law application for tax year 2020 through 2025 how well her loan forgiveness be treated on her federal return.

Benjamin receives an annual bonus of $1,000 and wants to invest it in an account that earns interest for the next 3 years. Below are the two options that he is considering putting his money into. Which of the following statements is true? Second time submitting please make asap Dont mind bubled answer was accident.