Go back to the Standard Repayment plan in #1 above. Now pay an extra $100 per month (this gets put toward the principal),. Print out the amortization schedule and on the back of the schedule answer these questions:
1.
Write down the facts of the loan: loan amount, interest rate, extra monthly payment, length of the loan
2.
What is the total principal, interest paid?
3.
What is the last monthly payment?
4
How many payments is this loan with the additional principal?
5
How much faster was this loan than the original in #1?
6.
How much money was saved by paying $100 extra toward principal each month?
7.
What is the point?

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.

Match the types of agreements to their descriptions. will trust living will prenuptial agreement provides protection for individual estate plans and keeps family property in the family provides for beneficiaries in the event of a death holds a decease person's assets on behalf of beneficiary has no legal power after a person dies