Mary Goodwin's financial situation is as follows:
Cash/cash equivalents $15,000
Short-term debts $8,000
Long-term debts $133,000
Tax expense $7,000
Auto note payments $4,000
Invested assets $60,000
Use assets $188,000
What is her net worth?
If an investor wants to accumulate $250,000 over the next 12 years,
can invest $8,000 at the end of each year, and expects to earn an
11% compound return over the 12 years, what lump sum must she
deposit today in the investment to meet her goal?
Give this one a try later!
$71,460 $13,808
$19,521 $9,775
Don't know?
3 of 85
Term
Julian is transitioning from military to civilian life. He does not plan to
enlist in the reserves. While in the service Julian developed a
significant medical problem. As a result, he has asked you whether
he can indefinitely retain his SGLI benefits so he will not require
medical underwriting on new coverage. Will this be possible, and if
so, what must Julian do?
No, coverage will terminate in one Yes, he just must continue paying
year with no options premiums
Yes, but the coverage amount will No, he must transition to VGLI
be reduced by half (50%) coverage within 240 days
Don't know?
4 of 85
Term
Which federal agency oversees the pay structure for most federal
government employment positions?
Give this one a try later!
Department of Labor Health and Human Services
Office of Personnel
Department of Commerce
Management
Don't know?
5 of 85
Term
Cyrus passed away early this year, leaving a sizable estate. His will
left, among other things, 2,000 shares of GE to his daughter, Bianca.
These shares had been purchased as a single lot in 2005. Bianca and
https://quizlet.com/933360567/test?answerTermSides=4&promptTermSides=6&questionCount=85&questionTypes=4&showImages=true 4/61
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