Mia has $2800 in assets, a finance company loan for $561, and an outstanding credit card balance of $138. Mia's monthly cash inflows are $1403, and she has monthly expenses of $1184. What is Mia's net worth?
Net worth = Assets - Liabilities
Net worth = $2,800 - ($561 + $138)
Net worth = $2,101
Mia has $2800 in assets, a finance company loan for $561, and an outstanding credit card...
Mia has $3 comma 0003,000 in assets, a finance company loan for $500500, and an outstanding credit card balance of $135135. Mia's monthly cash inflows are $2 comma 0002,000, and she has monthly expenses of $1 comma 6501,650. What is Mia's net worth? Mia's net worth is $nothing.
Estimating Net Worth. Mia has $2 comma 3702,370 in assets, a finance company loan for $428428, and an outstanding credit card balance of $183183. Mia's monthly cash inflows are $1 comma 6301,630, and she has monthly expenses of $1 comma 4041,404. What is Mia's net worth? Mia's net worth is $nothing. (Round to the nearest dollar.)
A borrower has a $90000 loan with the "Easy-Credit" Finance Company. The loan is to be repaid over 12 years via monthly payments at 7.4%/year compounded monthly. Just after the 36th payment, the borrower learns that his local bank would lend him money at 5.4%/year compounded monthly. Assuming that the contract stipulates an early repayment penalty equal to 3 months' interest on the outstanding balance at the time of refinancing, what would be the new monthly payment?
9. Credit Cards: a. If you have a balance of $1,245.00 on your credit card, how long will it take you to pay off the balance if you make $50.00/month payments until it is paid off? The APR is 19%. b. What will be your monthly payment on a credit card with a balance of $2,456.80, if you desire to pay it off in 2 years, at an APR of 23.99%? 10. A furniture company allows customers to purchase household...
WUSUI Rei Finance Charges. Bill wants to purchase a new car for $50,000. Bill has no savings, so he needs to finance the entire purchase amount. With no down payment, the interest rate on the loan is 8% and the maturity of the loan is six years. His monthly payments will be $876.66. Bill's monthly net cash flows are $686. Bill also has a credit card with a $9,365 limit and an interest rate of 12%. If Bill uses all...
a visa credit card company has a finance charge of 1.5% per month (18% per year) on the outstanding balance. john owed $3,200 and has been delinquent for 5 months. how much total does he owe now?
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows Rent for the month Spending for food Savings account balance Current value of automobile Credit card balance Auto insurance Video equipment Lunches/parking at work Personal computer Clothing purchase $ 1,250 Monthly take-home salary $645 Cash in checking account $ 2,010 Balance of educational loan $. 9,700 Telephone bill paid for month $295 Loan payment $350 Household possessions $ 2,650 Payment...
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows Rent for the month Spending for food Savings account balance Current value of automobile Credit card balance Auto insurance Video equipment Lunches/parking at work Personal computer Clothing purchase $ 1,250 Monthly take-home salary $645 Cash in checking account $ 2,010 Balance of educational loan $. 9,700 Telephone bill paid for month $295 Loan payment $350 Household possessions $ 2,650 Payment...
Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Rent for the month Spending for food Savings account balance Current value of automobile Credit card balance Auto insurance Video equipment Lunches/parking at work Personal computer Clothing purchase $ 700 Monthly take-home salary $ 370 Cash in checking account $ 1,900 Balance of educational loan $ 8,900 Telephone bill paid for month $ 240 Loan payment $ 240 Household possessions...
For the best terms on a loan or credit card, you need a credit score above 700. To achieve this, start establishing credit now. Pay all of your bills on time. In addition, use only one-third of your available credit limit and pay off your revolving balance(s) each month. R. J. Johnson has excellent credit. She wants to purchase a piece of equipment for her business and was offered 7 % for 72 months for the $59,000 unit. What is...