kalik has inherited 25000 and looking for good investment:?
a) he wants to buy a house that cost $250000 with 10% downpayment. he could have 30 year mortgage at 3.5% compounded monthly. he is counting on annual appreciation of 3.1%. he would live for 5 years and sell it. how much could he make a house as an investment?
b) he thinks about investing $25000 in a 5 year bond. what fixed interest rate, with monthly compounding, would he need to make bond a comparable investment to the house?
- 8 years agoFavorite Answer
The Internal Revenue Service recently issued an Information Letter providing that an individual can be both an employee and an independent contractor simultaneously, for the same company, when working as a professional consultant on two separate projects.
The Information Letter indicates that when an individual performs services in two separate roles for a single company, the relationship between that individual and the company is examined separately for each group of services being provided.
Whether an individual is in an employee, independent contractor or simultaneous employee/independent contractor relationship has both tax and employee benefit repercussions.Source(s): http://www.mortgageinterestratesolution.com/
- Eddie WLv 78 years ago
Want go investment? Buy a rental property.