1- Summarize the main fees a mutual fund investor will pay: 2- Describe two justifications for the need for professional financial planning advice

3- 5. Your client would like a $1.5 million life insurance policy with the following relevant information:
 Premium is $18,500 per year
 Expected dividends per year: $1,600
 Cash value 10 years from now: $40,000
 Discount rate: 5%

a. Given this information, compute the Net Cost of the policy over the next 10 years. Compute the cost per year, per $1,000 of coverage. (3 points)

b. Compute the policy’s Interest-Adjusted Cost over the next 10 years, per year, per $1,000 of coverage. (4 points)

c. Suppose the cash value at the end of the most recent (previous) year is $3,700, and the cash value at the end of the current year will be $7,000. Compute the policy’s cost per $1,000 of coverage using the Benchmark Method. (4 points)

Sue peters is the controller at vroom, a car dealership. dale miller recently has been hired as the bookkeeper. dale wanted to attend a class in excel spreadsheets, so sue temporarily took over dale's duties, including overseeing a fund used for gas purchases before test drives. sue found a shortage in the fund and confronted dale when he returned to work. dale admitted that he occasionally uses the fund to pay for his own gas. sue estimated the shortage at $450. what should sue do?

Both a demand curve and a demand schedule show how a. prices affect consumer demand. b. consumer demand affects income. c. prices affect complementary goods. d. consumer demand affects substitute goods.

Suppose that fixed costs for a firm in the automobile industry (start-up costs of factories, capital equipment, and so on) are $5 billion and that variable costs are equal to $17,000 per finished automobile. because more firms increase competition in the market, the market price falls as more firms enter an automobile market, or specifically, , where n represents the number of firms in a market. assume that the initial size of the u. s. and the european automobile markets are 300 million and 533 million people, respectively. a. calculate the equilibrium number of firms in the u. s. and european automobile markets without trade. b. what is the equilibrium price of automobiles in the united states and europe if the automobile industry is closed to foreign trade? c. now suppose that the united states decides on free trade in automobiles with europe. the trade agreement with the europeans adds 533 million consumers to the automobile market, in addition to the 300 million in the united states. how many automobile firms will there be in the united states and europe combined? what will be the new equilibrium price of automobiles? d. why are prices in the united states different in (c) and (b)? are consumers better off with free trade? in what ways?