Becky graduated with a master degree in Personal Financial Planning. After working two years in a small financial planning firm, Becky earns $70,870 annually and saves $12,418 a year. What is her average propensity to consume? (Keep 2 decimal places)

sandra and cindy both invest $14,000 into savings accounts that earn simple interest if sandras account  earns 4.5% interest and candys account earns 6% intresr,how much more intrest will cindy have earened after 7 years?

Dave invests $3,700 in a savings account at his local bank which gives 3.296 simple annual interest. He also invests $3,000 in an online savings account which gives 5.9% simple annual interest. After 15 years, which one will have earned more interest, and how much more interest will it have earned, to the nearest dollar? (Use I = Prt) The online account has $879 more than the local bank b. The online account has $179 more than the local bank C. The local bank has $776 more than the online account. d. The local bank: has $345 more than the ontine account.

Jasmine purchased a home in San Francisco near her best friend Sallie. The purchase price of the home was $ 2,000,000. However, Jasmine only financed 80% of the home value as she was able to secure the $400,000 down payment to help lower her monthly payments. What is her monthly payment if she financed at today's rate of 7.55% for a 15-year mortgage?

Eve is 20 years old and wants to save $2 million for retirement at age 60. Assume she invests in a savings account that earns 5.1% interest compounded annually. How much does Eve need to invest to get started?     $273,477.34     $27,347.73     $2734.77     $173,277.43

George Robinson is a high school sophomore. He currently has $7,500 in a savings account that pays 5.97 percent annually. George plans to use his current savings plus what he can save over the next four years to buy a car. He estimates that the car will cost $12,545 in four years. How much money should George save each year if he wants to buy the car? (Round factor values to 6 decimal places, e.g. 1.521253 and the final answer to 2 decimal place e.g. 15.25.) George should save   $

Starting on the day Kelly was born, her mother has invested $50 at the beginning of every month in a savings account that earns 2.20% compounded monthly. a. How much did Kelly have in this account on her 22nd birthday? Assume that there was no deposit on that day.   b. What was her mother's total investment?   c. How much interest did the investment earn?   How much should Diana's dad invest into a savings account today, to be able to pay for Diana's rent for the next five years if rent is $950 payable at the beginning of each month? The savings account earns 3.75% compounded monthly.

For how long will Markus have to make payments of $116 at the end of every month to repay a loan of $3340 if intere is 4% per annum compounded semi-annually? State your answer in years and months (from 0 to 11 months). He will have to make payments for year(s) and month(s).

Estimating Savings.  Julia brings home ​$1,900 per month after taxes.​ Julia's rent is ​$419 per​ month, her utilities are ​$127 per​ month, and her car payment is ​$276 per month. Julia is currently paying ​$237 per month to her orthodontist for her braces. If​ Julia's groceries cost ​$76 per week and she estimates her other expenses to be ​$196 per​ month, how much will she have left each month to put toward savings to reach her financial​ goals? Given​ Julia's expected​ expenses, the amount she will have left each month to put toward savings to reach her financial goals is ​$ (?) (round to the nearest dollar)

Deb and Rusty have just gotten married and wish to buy a home. They both work in Boston and have a combined income of $90,000. They found a modest starter house which they are buying for $350,000. 1. They plan to use their $40,000 is savings to cover the closing costs the bank will charge them, which are 1% of the amount they borrow from the bank. The rest of the savings will be used as a down payment. Determine the largest amount they can use for a down payment and still pay the closing costs. 2. Using the amount Deb and Rusty have to borrow from part 1, open Excel and create a 20-year amortization schedule, giving monthly payments for the amount they borrowed at a 4.5% annual interest rate. You must use the pmt function in Excel to compute the monthly payment. Title this worksheet Amortization. For your answer to this question write “See Excel Workbook”. 3. Use the amortization schedule to compute the total amount of interest they will pay to the bank over the 20 years. 4. Create a…