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How do you calculate the present value of an annuity interest factor?

The initial deposit earns interest at the interest rate (r), which perfectly finances a series of (n) consecutive withdrawals and may be written as the fo...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What does account balance mean in 401k?

Retirement plan account balances are separated into vested and nonvested components. A vested account balance is the amount you keep if you stop working f...

How much would mortgage be on 20000?

How much would the mortgage payment be on a $20K house? Assuming you have a 20% down payment ($4,000), your total mortgage on a $20,000 home would be $16,...

Can I open a second 401k on my own?

The short answer is yes, you can have multiple 401(k) accounts at a time. With self-employment income, these people can set up and contribute to an indivi...

What is the cost of financing using preferred stock?

Cost of preferred stock is the rate of return required by holders of a company’s preferred stock. It is calculated by dividing the annual preferred divide...

Are consultants considered self-employed?

As an independent consultant you are considered self-employed, so if you earn more than $400 for the year, the IRS expects you to pay your own tax. The se...

Is Pepsi a good stock to buy right now?

So Pepsi stock is not a buy right now. PEP stock’s Composite and RS ratings stand below the 90 minimum of leading growth stocks. But the company’s earning...

How much can you claim on uniform laundry?

If your laundry expenses are $150 or less, you can claim the amount you incur on laundry without providing written evidence of your laundry expenses. Even...

Can a corporation have retained earnings?

Corporations are required to pay income tax on their profits after expenses. If no profit is recorded, no income tax is paid. Retained earnings can be kep...

Are wire transfers instant chase?

Domestic wire transfers are often processed within 24 hours while international wire transfers can take between 1-5 business days. How long does an intern...