HW3_S2023 (1)

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(20) Please show how you got a. the first cell of column 3 b. how you got the first cell of column 4 c. how you got the first cell of column 5 d. how you got the second cell of column 3 e. how you got the second cell of column 4  f. how you got the second cell of column 5

Marshall- • Graduated college two years ago, and now lives a solidly middle-income lifestyle Paying his student loans, rent, and all of his other expenses on-time • Has 6 credit cards open already, each of which he signed up for because of introductory perks like 0% interest for the first year, free airline miles, and 20% off his first month's purchases at his favorite store Pays his full balance each month and stops using the card once the initial features expire. • Wants to open a 7th card that's offering free one-way flights to the Caribbean; has enough money saved to pay for the return flight and other aspects of the vacation ● ●

Theo just financed a new car through his credit union.  His car loan requires payments of $420 a month for five years.  Assuming that all payments are paid timely, his last payment will pay off the car loan in full.  Theo has a(n): Group of answer choices interest-only loan. amortized loan. pure discount loan. perpetuity loan. lump sum loan.

19) STUDENT LOANS. You graduated from college a year ago and forgot to pay your student loans. a Federal student loan, and another is a private loan. What do you do, how do you fix it?

[Question 1-8] Jay's job is going great, and this past year he decided to work part- time, so that he could go to school full-time for his master's degree. Jay went to a business school, and tuition and fees were $25,000 for the year. He paid for his tuition and fees using a combination of savings, current income, scholarship, employer provided tuition assistance, and student loans. It is the end of the year and Jay is filing his tax return. His total income and benefits are as follows: Wages: $40,000 (as reported on his W2) Employer provided tuition assistance: $5,000 ⚫ Scholarship: $6,000 • . Student loan proceeds: $8,000 ⚫ Gift from his grandmother: $1,000 In addition to tuition, Jay had the following expenditures: . Student loan interest: $1,500 (as reported to Jay by his lender on Form 1098-E) • Books: $1,100 • Rent: $14,000 It is now time for Jay to complete his tax return. Jay is 28 years old and is in a relationship with Sandra, planning to get married next year. Calculate…

Should this person open a credit card account? If they do decide to open the new credit card account, what’s one thing this individual should monitor?

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1. Danielle wants to buy a car. She can only afford a $350 car payment. She is given a financing option from Money Financial, Inc. which will allow him to repay the loan over 4 years. The interest rate is 4.25%. Can Danielle purchase the car if the financing amount is $16,000? If not, how much can she afford to finance? DOUBLE CHECK 20,3902. Dr. Pickens wants to buy a burger chain. He currently has $35,000. He needs to have $80,000 in 5 years. He can earn 12% compounded annually. If he saves money at the beginning of the year, how much must he save per year to meet his goal? DOUBLE CHECK 45,3943. SARDY Corporation’s stock is currently valued at $50 per share. You own 2 shares of the stock. It is expected to grow by 5% per year for the next 5 years. How much will SARDY Corporation be worth in 8 years?4. Donald Draper has no money after getting canned (fired) from his job as an advertising agent. He wants to have $5,000,000 in 30 years. How much would he need to steal and invest today…

9. Jacob is a 23-year-old college graduate from Sheridan College with an Honours Bachelor of Business Administration (Finance). He is living at home and has a short-term contract with a financial company thát will end in 6 months. He was able to pay off all his school loans in the first 6 months of the contract and now saves about $3500 every month. He would like to move out and buy himself a car. Discuss factors that he should consider while planning this change in his life and how his financial stability plays a role.

Nick is a full-time college student who plans to graduate in 10 months. He works a limited number of hours each week to pay for car insurance, but he can't work more hours due to his class schedule. He is choosing between two 6-year student loans for $15,000 each. • Loan 1 has a 2.5% annual interest rate with a $224.57 monthly payment. Monthly payments are required immediately. • Loan 2 has monthly payments that are not required for 1 year, but interest accrues during that time. The annual interest is 3.5% compounded monthly. Then $238.56 monthly payments are made for 6 years. The loan Nick chooses will pay his tuition and living expenses, and it will also give him an extra $75 per month. Which loan should Nick choose and why? Nick should choose Loan 1 because the interest rate and the monthly payment are both lower. This means the total interest paid for this loan would be lower than the other one. Nick should choose Loan because no interest accrues during the first year. This means…

Hi I’m confused about this questions can you help me please?

A college student, needs to borrow $5,000 today for his tuition bill. He agrees to pay back the loan in a lump-sum payment 5 years from now, after he is out of college. The bank states that the payment will need to be $7,012.76. If John borrows the $5,000 from the bank, what nominal interest rate is he paying on his loan? O 7.5% O 7% O 7.25% O 8%

Typed Asap please

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Plz answer all parts correctly

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CASE STUDY: Silver is a senior high school student who is bound for college in the next school year. She plans to become a Certified Public Accountant (CPA) once she finishes her degree in accountancy. Silver receives a P500 weekly allowance from her parents that she can use to pay for her necessities in school. If there would be a need for additional resources, her parents are willing to provide for her. Silver makes it a point that she gets to save 20% of her weekly allowance. Aside from that, Silverworks during weekends in their family-owned grocery store. She works as a clerk during Saturdays and Sundays if time permits her. She receives a $150 per day allowance from her parents for her grocery store work. From today, it is only 14 weeks away from the start of the next school year. Silver would want to surprise her parents, by deciding to personally pay for her college textbooks, to reduce the financial burden of her parents. An older relative told Silver that $5,000 would be a…

7. Jordan wants a new phone. He makes $5400 a year at his part time job, and has a $72 monthly car payment. How much could he afford to pay, per month, on a new phone and maintain a safe debt to income ratio?

B 12. Susan works part-time with an accounting firm while she completes her accounting degree. She hopes to then be offered a full-time position. She also does some waitressing to supplement her income while studying. Which of the following are deductible to Susan under s8-1?   Select one: 1 Purchase of a black skirt and white shirt as required for her waitressing job. 2 Cost of travel from home to her accounting job. 3 Cost of travel from her accounting job to her waitressing job. 4 Purchase of suits as required by her accounting firm.

I need help with question 34 -38 if you can

Problem 4-47 (LO. 4, 5) Roy decides to buy a personal residence and goes to the bank for a $150,000 loan. The bank tells him that he can borrow the funds at 4% if his father will guarantee the debt. Roy's father, Hal, owns a $150,000 CD currently yielding 3.5%. The Federal rate is 3%. Hal agrees to either of the following: • Roy borrows from the bank with Hal's guarantee to the bank. Hal cashes in the CD (with no penalty) and lends Roy the funds at 2% interest. Hal is in the 32% marginal tax bracket. Roy, whose only source of income is his salary, is in the 12% marginal tax bracket. The interest Roy pays on the mortgage will be deductible by him. Considering only the tax consequences, answer the following. a. The loan guarantee: Hal's interest income from the CDs would be $ before taxes and $ 6,000 ✓ before taxes and $ Roy's interest expense from the bank loan would be $ This arrangement would produce an overall negative ✓ cash flow after taxes to the family of $ b. The loan from Hal…

Madeline Rollins is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now Madeline is living at home and works in a shoe store, earning a gross income of $960 per month. Her employer deducts a total of $170 for taxes from her monthly pay. Madeline also pays $115 on several credit card debts each month. The loan she needs for chiropractic school will cost an additional $170 per month. Calculate her debt payments-to-income ratio with and without the college loan. (Remember the 20 percent rule.) (Enter your answers as a percent rounded to 2 decimal places.) With college loan Without college loan Debt Payments-to- Income Ratio

Madeline Rollins is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now Madeline is living at home and works in a shoe store, earning a gross income of $1,140 per month. Her employer deducts a total of $260 for taxes from her monthly pay. Madeline also pays $160 on several credit card debts each month. The loan she needs for chiropractic school will cost an additional $260 per month. Calculate her debt payments-to-income ratio with and without the college loan. (Remember the 20 percent rule.) (Enter your answers as a percent rounded to 2 decimal places.)   Debt Payments-to-Income Ratio   With college loan %   Without college loan %. Pls show steps complete.

10. Tammy purchased a vehicle for $35,000 two years ago using a 5 percent, 5-year loan. She has decided that he would sell the car now, if she could get a price that would pay off the balance of her loan. What is the minimum price Tammy would need to receive for her car? 11. Give the same information in #10, when Tammy made her 24th payment what was the payment amount, interest paid and principle paid?

Please help me with this question, I don't understand it, thank-you