Patricia McDonald has determined the following information about her own financial situation. Her checking account is worth $650 and her savings account is worth $1,400. She owns her own home that has a market value of $100,000. She has furniture and appliances worth $14,000 and a laptop worth $3,400. She has a car worth $9,500 and owes $8,000 on her auto loan. She has also purchased some stock worth $5,300 and she has a retirement account worth $37,000. What is the total value of her assets? Multiple Choice $171,250 $172,650 $100,000 $172,000 $170.600

Patricia McDonald has determined the following information about her own financial situation. Her checking account is worth $650 and her savings account is worth $1,400. She owns her own home that has a market value of $100,000. She has furniture and appliances worth $14,000 and a laptop worth $3,400. She has a car worth $9,500 and owes $8,000 on her auto loan. She has also purchased some stock worth $5,300 and she has a retirement account worth $37,000. What is the total value of her assets? Multiple Choice $171,250 $172,650 $100,000 $172,000 $170.600

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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a mother earned $15000.00 from royalties on her cookbook. She set aside 20% of this for a down payment for a new home. The balance will be used for her son's future education. She invested a portion of the money in a bank certificate of a deposit (cd account) that earns 4% and the remainder in a savings bond that earns 7%. IF the total interest earned after one year is $720.00, how much money was invested at each rate?
Let's find out what counts as money. We used a typical definition of money in our lectures: "a widely accepted means of payment." Under this definition, are people using "money" in the following transactions? If not, why not? A) Lucy sells her car to Karen for $5,000 cash. B) Lucy sells her car to Karen for $5,000 worth of old Bob Dylan records. C) Lucy sells her car to Karen for $5,000 in checking account balances (transferred by writing a check). D) Lucy sells her car to Karen by Karen promising $5,000 worth of auto detailing services over the next year. E) Lucy sells her car to Karen for $5,000 worth of Revolutionary War-era continental dollars.
Sheldon put $500 into a certificate of deposit at his bank. In six months the value of the CD is $620. What is his ROI? Penny invested $10,000 into the stock market. She sold the stock two days later for $13,500. What is her ROI? Leonard bought a bond for $5,000 and sold it for $5,300 four years later. What is his ROI? Howard bought a house for $250,000 and sold it for $227,000 ten years later. What is his ROI? Raj bought a tractor for $25,000 and sold it for $32,000 one year later. What is his ROI? Amy put $50 in a savings account. A year later the balance on the account is $58. What is her ROI?
Jenny's net worth increased from $600,000 to $750,000 this year. During the year, she inherited $50,000 in stocks and bonds. Jenny earned a salary of $80,000 and saved $10,000 of her salary in her 401(k) plan. Jenny contributed $3,000 to her IRA from her checking account. She also used $5,000 from her money market to purchase new bedroom furniture. Her investments grew by $75,000. Assuming these are all of her transactions, what was the principal reduction on her mortgage? $5,000 $10,000 $15,000 $20,000 $25,000
Bao and Mary Jane Lee have a yearly income of $93 comma 842 and own a house worth $127 comma 900, two cars worth a total of $ 28 comma 195 and furniture worth $14 comma 085. The house has a mortgage of $85 comma 677 and they have a car loan with an outstanding balance of $5 comma 822. Utility bills, totaling $181 for this month, have not been paid. Calculate their net worth, and explain what it means.
Your mom just checked on findmassmoney.gov and found out that she has unclaimed property that is worth $3015.54 today. She figured out that she had invested $866 years ago and she calculated that she earned a return of 28.08% on her money. How many years ago did your mom invest that money? Include up to 2 decimal places.
The severson family owns a house worth $280,000, of which they still owe $113,545 on the mortgage. They also own two cars, one worth $5,200 and the other worth $15,600. They still owe $9,200 on one of the car loans. They have $2,300 in credit card debt and owe $18,200 for their daughter’s wedding. What is their net worth? A $157,555 B $162,155 C $143,245 D $300,800
True or False: Sam used $5,000 of his savings to buy a used car. Since he spent all his cash savings, his net worth decreased. Select one: O True False
Vijay
Marty has weekly gross earnings of $684.20. He is married filing jointly. He lives in Tennessee, which has no State Withholding Tax. He also makes a credit union deposit of $20.00 into savings every check. Find Marty’s weekly net earnings for this pay period.
Jordan Harris owns a vehicle worth $ 20,000 and a home worth $230,000. He has a checking account balance of $1,000, a savings account balance of $1,000, and a mutual fund worth $ 75,000. His personal assets are worth $100,000. He still owes $ 10,000 on his car, $101,000 on his home, and $1,000 on his credit card. What is Jordan's net worth? Multiple Choice $538, 000 $427,000 $315,000 $112,000 $136, 000
Jennifer Pontesso, from Lincoln, Nebraska, wants to better understand her financial situation. Use the following balance sheet and cash flow statement information to determine her net worth and her net surplus for a recent month. Liquid assets: $9,000; home value: $230,000; monthly mortgage payment: $1,350 on $170,000 mortgage; investment assets: $70,000; personal property: $22,000; total assets: $331,000; short-term debt: $3,240 ($270 a month); total debt: $173,240; monthly gross income: $10,000; monthly disposable income: $6,500; monthly expenses: $5,500. Round your answers to the nearest dollar.

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