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Please and thank you Please list them out What are They Worth? Learning objective: create and...
Scenario: You are 30 years old and feel like you are getting nowhere with your financial goals. At the end of each month, you have a hard time understanding where all your money went. You have decided it is time to take a hard look at your current financial status. You currently have $80 of cash on hand, a checking account with a balance of $600, and a savings account containing $1,500. You own a small condo currently worth $120,000...
Advise the Williams Family The Williams household has compiled the following financial information: • They rent a house in a nicer neighborhood for $1,300/month +$150 utilities • They estimate that they are spending $400 per month on groceries and $1,000 per month on eating out. They own some land and use it to sell hay and timber. This amounts to an average of $1,000 per month They also have a car (valued at $8,000, with loan balance of $11,870, monthly...
please answer 3-6 Scenario: You decide to buy a used 2014 Kawasaki Ninja 300 motorcycle for $4300. You make the purchase with a credit card. Your credit card has an APR of 21.3%. You owe nothing else on this card. Questions: 1. What is the monthly interest rate? 2. How long will it take you to pay off the debt if you make payments of $100 a month? 3. How much interest will you have paid by the time you...
Help me with all the questions please and thank you Cho5 HW 6 Saved Help Save & Exlt Submit Check my work 2 Problem 5-2 (LO5.3) Louise McIntyre's monthly gross income is $4,000. Her employer withholds $870 in federal, state, and local income taxes and $420 in Social Security taxes per month. Louise contributes $270 each month for her IRA. Her monthly credit payments for VISA and MasterCard are $150 and $190, respectively. Her monthly payment on an automobile loan...
Scenario: You are 30 years old and feel like you are getting nowhere with your financial goals. At the end of each month, you have a hard time understanding where all your money went. You have decided it is time to take a hard look at your current financial status. You currently have $80 of cash on hand, a checking account with a balance of $600, and a savings account containing $1,500. You own a small condo currently worth $120,000...
Prepare a net worth statement for David. 20 Family friend, David Robertson, has asked you to help him gain control of his personal finances. Single and 27 years old, David was recently employed as a salesperson for a technology company. His annual salary is $63 000. He has payroll deductions for Eland CPP contributions, and income taxes of $1400 per month. David also recently moved from his comfortable two-bedroom apartment with rentof$1250 per month to a two-bedroom condo with rent...
The Sampsons realize that the first step toward achieving their financial goals is to create a budget capturing their monthly cash inflows and outflows. Dave and Sharon’s combined disposable (after-tax) income is now about $5,000 per month. Reviewing their bank statement from last month, Dave and Sharon identify the following monthly household payments: $1,100 for home expenses (including the mortgage payment, home insurance, and property taxes) $100 for Internet $200 for electricity and water $200 for cellular expenses $800 for...
Please help me! I am very lost in trying to figure all of this out! 1. Suppose that 10 years ago you bought a home for $150,000, paying 10% as a down payment, and financing the rest at 8% interest for 30 years. How much money did you pay as your down payment? 2. How much money was your existing mortgage (loan) for? 3. What is your current monthly payment on your existing mortgage? Note: Carry at least 4 decimal...
Please and thank you list with clean writing thank you so much! What is Taxable? Learning Objectives: sort out taxable/nontaxable income streams and calculate taxable income We return make ends streams. They have both sat down and written out a general picture of everything they anticipate to Emerson and Nevada who are between career jobs. They are now married, and in order to meet, they are working a number of part-time jobs and have some additional income needing for tax...
Problem 5-1 (LO5.2) A few years ago, Simon Powell purchased a home for $215,000. Today, the home is worth $380,000. His remaining mortgage balance is $165,000. Assuming that Simon can borrow up to 75 percent of the market value, what is the maximum amount he can currently borrow against his home? Amount available for borrowing _______ Problem 5-2 (LO5.3) Louise Mclntyre's monthly gross income is $4,000. Her employer withholds $870 in federal, state, and local income taxes and $420 in Social Security taxes per...