ActivateUse free at Ottice.comLesson 5: BudgetingCalculate the average monthly expenses for these individuals.Kelsey spent $350 in May, $432 in June and $420 in July. Her average monthlyexpenses are:2. Michael spent $700 in April and May and $800 in June and July. His average monthlyexpenses are:State whether these are fixed expenses or variable expenses:3. Rent:4. Car Loan:5. Grocery Bill:6. Gas Money:7. School Loan:8. Shopping Money:9. Calculate the budget:Car Loan$255Rent$275Utilities$300Grocery$150Other$200Total:

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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

Problem 1PS

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Mike and Teresa have a monthly gross income of $6,442, but they pay $995 per month in taxes. They also pay $2,455 per month in various loan payments. What is their debt service ratio? (Keep 2 decimal places)
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B. Barney and Alyson agree on the price calculated above. Ignoring tax and any other expenses, what is the effective annual return that Alyson has made on her investment? Recall that she has received 2 payments of $37 and the sale price. Give your answer as a percentage to 4 decimal places.
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Calculate the average monthly expenses for these individuals. 1. Kelsey spent $350 in May, $432 in June and $420 in July. Her average monthly expenses are: 2. Michael spent $700 in April and May and S800 in June and July. His average monthly expenses are;,