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A household has the following statistics related to Balance Sheet and annual Cash Flow: Balance Sheet Items: in Dollars Cash 2,500 CD 12,000 Savings Account Balance 3,500 Credit Card Debt 9,500 Current Year Portion of mortgago 7800 Cach Flow Itoms:

A household has the following statistics related to Balance Sheet and annual Cash Flow: Balance Sheet Items: in Dollars Cash 2,500 CD 12,000 Savings Account Balance 3,500 Credit Card Debt 9,500 Current Year Portion of mortgago 7800 Cach Flow Itoms:

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A household has the following statistics related to Balance Sheet and annual Cash Flow: Balance Sheet Items: in Dollars Cash 2,500 CD 12,000 Savings Account Balance 3,500 Credit Card Debt 9,500 Current Year Portion of mortgage 7,800 Cash Flow Items: Salary 115,000 Dividend Income 1,500 Discretionary Expenses 8,000 Nondiscretionary Expenses 28,975 Debt Repayment 8,700 Retirement Investments 15,500 Capital Expenditure - Compute the Discretionary Payout percentage. 8.15% 7.37%% 9.30% 9.14%
Transcribed Image Text:A household has the following statistics related to Balance Sheet and annual Cash Flow: Balance Sheet Items: in Dollars Cash 2,500 CD 12,000 Savings Account Balance 3,500 Credit Card Debt 9,500 Current Year Portion of mortgage 7,800 Cash Flow Items: Salary 115,000 Dividend Income 1,500 Discretionary Expenses 8,000 Nondiscretionary Expenses 28,975 Debt Repayment 8,700 Retirement Investments 15,500 Capital Expenditure - Compute the Discretionary Payout percentage. 8.15% 7.37%% 9.30% 9.14%
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