Suppose a person has a total credit card debt of $1,380 that has a 15 % yearly interest rate. This person also has a savings account with $3,000 that pays 3 % interest per year. Despite the net loss, the person keeps both.

It is an interest-bearing security that promises to pay a stated amount on the maturity and regular interest payments.

Sofia wants to acquire an apartment that within 4 years will have a value of $310,000,000, for this a monthly savings plan has been proposed to have within 4 years 35% of the value of the apartment that constitutes the initial fee. If the bank where you deposit the money recognizes an interest rate of 16% NM for the first two years and 20% NM for the last two years, how much should Sofia save monthly?   Select one: a. $1.229.305,54 b. $1.729.305,54 c. $1.529.305,54

James has been working as a Mechanical Engineer ever since he graduated five years ago. Two years ago, he bought and financed a new $25,000 Jeep Compass and still owes $15,750 on his car loan. He has never been late with a car payment. James has one major credit card, with a $1,000 limit. He has had it since his senior year of college and was two months late with a payment one time during that first year. He is currently carrying a balance of $600 on this card. In the last year, James applied for six store credit cards at places that he shops a lot so that he can earn points and get discounts. He carries no balances Part 1: Calculate James’ credit score. Recalculate his credit score if he had not opened the six store credit cards.   Part 2: James is tired of paying rent and would like to purchase a condo so that he can start building equity in his home. He is looking for a 30-year mortgage to purchase a $240,000 condo. What interest rate does James qualify for on a mortgage with his…

You have 2 accounts: Account A has a $700 balance and a $1000 credit limit. Account B has a $150 balance and a $500 credit limit.  What are your debt-to-credit ratio? Enter your number as a percent and round to 1 decimal place

Someone’s uncle leaves them $10,000 in his will, but with a requirement that they invest the money into retirement savings. Their brother suggests a Roth IRA, but their sister suggests a Traditional IRA. Explain which one they should choose.

Please answer only handwritten

Diane initially deposited $10,500 into a money market account and made no additional deposits or withdrawals. When she closed the account in exactly one year, its value had grown to $10,900. Calculate the annual growth rate for the money market account. Round your answer to two places after the decimal.

Calculate the current yield on a bond that has an annual interest payment of $200 and a resale price of $1,550

You currently have $18,000 in a bank account earning 4.9%interest. You think you will be able to deposit an additional$7,000 at the end of each of the next five years. How muchwill you have in five years?