by $22,000 and the elient\'s S&P index mutual find decreass farket interest rate
ID: 2818039 • Letter: B
Question
by $22,000 and the elient's S&P index mutual find decreass farket interest rates decrease, and the client's bond portfolio increases by 105,000 a. $897,000 b. $700,000(no change e. $783,000 d. $617,000 11. Whic h of the following pairs is not one of the main saving alternatives a person? 1. Money 2. US Savings Bonds and Savings account 3. Certificate of Deposit and mutual funds A. 1 and 2 B. 1 and 3 C. 2 and 3 D. Only 1 market funds and money market account arned 12. Bob and Julie annual fixed and variable expenses of $72,00. Their income is S$90,000. Julie is the beneficiary of a trust fund that provides her with only I and intermittent income. What minimum amount should Bob and Julie plan to fund? keep in their emergency a. $18,000 b. $30,000Explanation / Answer
11. Answer is D.only 1
Money market acoounts and money market funds are not one of the main saving alternatives available to person. Where as generally us saving bonds and saving accounts, certificate of deposit and mutual funds are generally considered as one of the major saving alternatives by a person.
Money market funds get their name from commercial money markets which are exchanges where corporate treasurs buy and sell huge amounts of commercial papers to manage their fund flow. There fore these are not generally considered as a main saving alternatives by a person..
12. Given that Bob and juile annual fixed and variable expenses are 72000$..
At a minimum you should have three months of expenses as a emergency fund...
Per month emergency fund for Bob and Julie is 72000÷12=6000
Emergency fund is equal to 6000×3 ie for 3 months
Therefore emergency fund for Bob and Julie is 18000
Answer is option a.18000..
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