Looking for help with an assignment? Connect with an assignment Expert Now!

Labor Employment Relationship

Labor Employment Relationship. Activity #5 is an individual activity.  You should complete it on your own and submit your own assignments individually by Tuesday, March 19th before 10:35AM.  Please respond to the following prompts:

Part I: Sally needs to choose between 2 health insurance plans. Assume Sally will use $4,500 worth of medical services this year. Is she better off choosing plan A or plan B? Briefly show your work and explain.

Plan A:
i. Monthly premium: $250
ii. Co-pay: $0
iii. Co-insurance (after deductible): 10%
iv. Deductible: $1,500
v. Max out-of-pocket: $4,000

Plan B:
vi. Monthly premium: $100
vii. Co-pay: $0
viii. Co-insurance (after deductible): 20%
ix. Deductible: $2,500
x. Max out-of-pocket: $8,000

Answer: Sally is better off with Plan _______ because it will cost a total of $______________, which is lower than the total cost of Plan ____ which would be $__________________.

Show your work here:

Part II:

(a) You are 20 years old and decide to open a retirement account.  You contribute $1,000 every month for the next 35 years and invest it in the stock market (you buy indexes, not individual stocks!).  Assuming you earned an annual growth rate of 10% on your investments, how much money do you think you’ll have saved when you are 55 years old?

Answer II(a):  I think I’ll have around $_____________________ saved for retirement at 55 under the circumstances described above.

(b) Now use the following online calculator to get the answer.  Assume you are saving in a tax-deferred account and $0 starting assets: https://money.cnn.com/tools/savingscalc/savingscalc.html.   (Links to an external site.)Links to an external site.

Answer II(b): Under the circumstances described above, I will have $__________________________ saved for retirement when I am 55 (you can report either the inflation-adjusted figure or the non-adjusted figure).

(c) Watch the following video: It's a Money Thing // Compound Interest Mind Bend (Links to an external site.)Links to an external site.

Answer III(c): What is one insight from the above video? _______________________________________________

Labor Employment Relationship

Get a Quick Quote

Approximately 250 words
Total price (USD) $: 10.99

Spend Hours doing a Paper or spend just $33 for a 3 page essay?

Tired writing homework

Reviews from Clients who Ordered this Paper

Our Benefits

Take a look at the characteristics of our custom essay writing service. We ensure that not only will your essay be delivered on schedule, but that it will also be of the finest possible quality.

Guaranteed Customer Satisfaction

We are always available to help with any revisions and deliver flawless results

Quick Results

Any deadline can be met. 400+ dedicated writers are waiting to finish your essay in as little as three hours.

Support is available

We’re here for you at all times and can answer in as little as one minute.

All papers reviewed

We examine our own database of completed orders to ensure that you always get original work.
b

Provide Detailed Instructions

  • Fill in instruction details on the order page such as length, title, slides, subject etc. and upload neccesary attachments
  • Provide additional parameters which you would like for your order such as writer category, formatting requirement, sources etc.

Login & Complete Payment

  • Once logged & completed payment, your order will be put to bid and assigned to suitable writer who matches your requirements.
  • The order is moved to ‘in progress’ on this stage.

Writing, Editing & Proofreading

  • Once the writer completes your order, he or she forwads it to the editing team for review.
  • The order is scrutinized for syntax or grammar error and checked for plagiarism with softwares such as turnitin.
h

Download Your Final Document

  • Upon satsfaction by the editing team, your order is moved to ‘completed’ tab where you can download final copy.
  • You can tip writer if you are satisfied with the order.
  • Approve the order or ask for revision if unsatisfied

Having a rough time with your urgent homework?

Place your order today and get it delivered before your deadline