Watson's hourly wage is $18, and his net pay is 72% of his earnings. Watson spends about $1,800 on his monthly expenses. If Watson works 40 hours per week and has no other sources of income, what is his total monthly cash inflow? (Hint: Assume that there are 4 pay periods per month.) a. $2,073.60 b. $1,800.00 C. 51.080.00 d 5272.60

Assume that Louisa carried an average balance of $1,000 from her credit card purchases over the past year. The A.P.R. on her credit card for the past year was 19.99%. Approximately how much interest would Louisa have paid over the course of the year? She would have paid interest charges of $2,000. She would have paid interest charges of $20. The credit card company would have paid Louisa $20. She would have paid interest charges of $200.

Rajiv has a part-time job on the weekends. His net earnings for one month are shown. Pay Date Net Earnings ($) April 01 $142.40 April 08 $137.29 April 15 $143.57 April 22 $156.94 He saves 15% of his net earnings and deposits his savings into an account that pays 2.75% per year, compounded monthly. Use a TVM Solver to estimate the amount of money in his account after one year. Assume he obtains the same monthly earnings on average.

Aman has two debts to pay. A $850 due today and a $950 due in 9 months from today. Instead, he wants to settle the debt with one single payment of $1900. When should he make that payment? Money earns 4% p.a.