An individual has monthly expenses of $1,800 for rent and $1,000 for groceries, transportation, and other necessary expenses.Which average return should the individual expect to match 25% of yearly expenses on a $100,000 investment?

Q: An individual wants to deposit $112,100 into two investment accounts. One account pays 66% annual…

A: Note: Assuming, the question has repeated rate of return displayed, hence taking 6% and 15%, other…

Q: You earned last year 52,000, had interest income of 170, educator expenses of 800 dividend income of…

A: Gross income is total income earned including earnings and income from interest and income from…

Q: Assume that you begin saving 3% of your total income in an employer-provided retirement plan at…

A: The savings of the employee are increasing by fix rate of 2% each year, while the income is…

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Q: Assume that upon graduation you make$63,500per year. What are the legally required costs for Social…

A: The Old Age, Survivors, and Disability Insurance (OASDI) program The Old Age, Survivors, and…

Q: Home ownership has other expenses, including taxes, homeowner's insurance and utilities. The annual…

A: Amount borrowed = $145,000 a) Annual property tax = 1% of amount borrowed = $145,000×1%=$1,450…

Q: You are the wage earner in a "typical family" with $40,000 gross annual income. Use the easy method…

A: In this question, we are required to determine the insurance amount needed by the easy method.

Q: anny is saving towards his vacation. He has determined that the total cost including airfare and…

A: Given:   Cost of vacation 5000 Monthly savings  400 Time of deposit Month-end Annual…

Q: Calculate the annual tax factor benefit or savings from an annual depreciation of $20,000 if you are…

A: Annual depreciation = $ 20,000 Tax rate = 28%

Q: Inno earns P^(180000).00 a year. If he spends (1)/(5) for food, (1)/(8) for rent, (1)/(10) for…

A: As per our guidelines, we are supposed to answer only 3 sub-parts (if there are multiple sub-parts…

Q: Ed and Marta are paid $2,460 after taxes every month. Monthly expenses include ​$834 on housing and​…

A: Savings ratio shows the proportion/ratio of savings to the respective income.

Q: Develop a spreadsheet model to determine how much a person or a couple can afford to spend on a…

A: Steps to Complete the Spreadsheet Model:Total Monthly Gross Income (A2): $6,100.00Allowable Monthly…

Q: An individual has monthly expenses of $1,800 for rent and $1,000 for groceries, transportation, and…

A: Total Monthly expenses= Rent + Groceries= 1800 + 1000= 2800Total Yearly expenses= Total Monthly…

Q: If you put $10,000 into an investment to fund your child's college education in 18 years, how much…

A: Initial investment = $10,000 Period = 18 years Interest rate = 0.1024  Accumulated amount = ?

Q: 5. The province of Ontario set the most recent annual percent rent increase at _%. (see our note for…

A: Revised Rent = Monthly Rent x ( 1 + r )   where, r = annual percent rent increase  Guideline for…

Q: Ed and Marta are paid $4,130 after taxes every month. Monthly expenses include ​$1,397 on housing…

A: The monthly savings would be computed by deducting the monthly expenses from the monthly after-tax…

Q: Consider two savings plans: Kelly deposits $415 per month in an account with an APR of 4.2% for 15…

A: Here we can use the concept of time value of money. The concept of time value of money states that…

Q: Explain which information you would need to take into consideration when deciding whether to receive…

A: Here we will take into consideration the concept of time value of money. As per the concept of time…

Q: Suppose your first job pays you Php 300,000 annually. Answer the following questions assuming (a)…

A: Financial planning is required by everyone viz. an individual or a business organization. Financial…

Q: Suppose you buy a $3,500,000 house and lot with an equity of $600,000. Is it possible to compute the…

A: Equity in this scenario is the down payment made on the loan.

Q: If your starting net worth is $20,000, how much will you be worth after the following transactions:…

A: Given Networth = $20,000 Net worth is to be calculated in the following way = Total assets - Total…

Q: You and your spouse are in good health and have reasonably secure careers. You make about $75,000…

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Q: A prospective homeowner knows that the monthly mortgage payment on a house that is for sale will be…

A: A property tax, also known as a millage rate, is ad valorem tax on any property's value.

Q: Suppose an individual wants to have $200,000 available for her child's education. Find the amount…

A: The concept of time value of money will be used here. As per the concept of time value of money any…

Q: A woman wishes to save $20,000 for a down payment on a home. She can afford to set aside $1100 per…

A: The concept of the time value of money states that the same amount of money is worth more now than…

Q: The median annual income for someone with an Associates Degree is $31,936. The median annual income…

A: Cost of bachelor's degree   Cost of tuition and Fees $55,000 Lost of earnings $64,000 Total…

Q: In order to purchase a home, a family borrows $30,000 at 2.25% for 3 yr. What is their monthly…

A: For the purchase of large ticket items like a house or a car etc. we usually take loans. The loan…

Q: 18. Of the following expenses, which one can be considered an annuity?   Question 18 options:…

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Q: Pick a discretionary expense that you incur on a regular basis, such as buying premium coffees…

A: Amount of the present cash flows when multiplied by the given interest rate (taking time value of…

Q: Ed and Marta are paid $2,440 after taxes every month. Monthly expenses include ​$860 on housing and​…

A: Savings ratio shows the proportion/ratio of savings to the respective income.

Q: get answer

A: Step 1: Introduction to the Principal Amount:The principal amount is the main balance of the loan…

Q: Mike and Terri estimate that they want to buy a house for $186,000.00, and they need to make a down…

A: The first step is to calculate the amount of the down payment. This is done by multiplying the cost…

Q: An accountant purchases a T-bill with a face value of $5,000 for $4,975. If the term of the T-bill…

A: The question is based on the concept of Financial Management. In the given question the difference…

Q: 93. Using the relevant information shown in the picture, what is a potential purchaser's housing…

A: The housing expense ratio (also known as the front-end ratio) is calculated as the percentage of a…

Q: If the Potinsky household spends $27,600 annually on all living expenses and long-term debt,…

A: Funds are necessary to meet the daily expenses. It is also important to maintain minimum amount for…

Q: You wish to buy your first home. Your annual gross income is $84,000. You also have monthly payments…

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Q: What should the present value of a savings account be to cover $30,000 of college expenses in 12.5…

A: Compound = Quarterly = 4Future Value = fv = $30,000Time = t = 12.5 * 4 = 50Interest Rate = r = 7.5 /…

Q: 1. You purchased two condos for $100,000 cash down, with loan and insurance payments of $1,500 3…

A: The downpayment on the condos: The downpayment of $100,000 has already been paid in full and will…

Q: Give typing answer with explanation and conclusion Suppose your investor is considering a…

A: Lease and expense details have been provided for a two bedroom apartment. The Net Operating Income…

Q: Would a person with the following income and expenses qualify for a home based on the front end…

A: The front-end affordability ratio is an accounting method that represents the proportion of gross…