Katherine and bill grant have two children. kelly is 22 years old and is a full-time student. she lives on campus at an out-of-state university but will return home for the summer. kelly earns $5,000 a year working part-time. her parents provide her with $15,000 of support, and her grandparents provide her with $15,000 of support. jake is 15 years old and lives at home. he is fully supported by his parents. jake's friend luke also lives with the grants. luke is 15 years old and moved into the grant home in april. the grants pay all of luke's support. how many total dependents may katherine and bill grant claim for the current year?

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan