Unit Activity: Mathematical Models and Consumer Finance Part A Jenna’s monthly monetary income is $1,200. Her total spending last month was $1,400. Why would Jenna need a budget? 15px Space used (includes formatting): 0 / 15000 Part B Maria has $3,000 in the bank, has a home worth $150,000, and has a $75,000 home loan. She also has $10,000 in investments and a $15,000 student loan. What is Maria’s net worth? Show your work. 15px Space used (includes formatting): 0 / 15000 Part C Nina is trying to decide between two jobs. The first job pays $10 an hour. The second job offers a $20,000 a year salary, which would equal a gross pay of $769 every two weeks. Nina would work 40 hours a week at both jobs. Nina decides to take the salaried job because she thinks it pays better. Evaluate Nina’s decision. Explain your answer. 15px Space used (includes formatting): 0 / 15000 Part D Lola is 15 years old and works in a factory every weekend. Why might this be illegal? What are the specific laws protecting Lola’s rights? 15px Space used (includes formatting): 0 / 15000
Unit Activity: Mathematical Models and Consumer Finance Part A Jenna’s monthly monetary income is $1,200. Her total spending last month was $1,400. Why would Jenna need a budget? 15px Space used (includes formatting): 0 / 15000 Part B Maria has $3,000 in the bank, has a home worth $150,000, and has a $75,000 home loan. She also has $10,000 in investments and a $15,000 student loan. What is Maria’s net worth? Show your work. 15px Space used (includes formatting): 0 / 15000 Part C Nina is trying to decide between two jobs. The first job pays $10 an hour. The second job offers a $20,000 a year salary, which would equal a gross pay of $769 every two weeks. Nina would work 40 hours a week at both jobs. Nina decides to take the salaried job because she thinks it pays better. Evaluate Nina’s decision. Explain your answer. 15px Space used (includes formatting): 0 / 15000 Part D Lola is 15 years old and works in a factory every weekend. Why might this be illegal? What are the specific laws protecting Lola’s rights? 15px Space used (includes formatting): 0 / 15000
Chapter3: Financial Statements, Tools, And Budgets
Section: Chapter Questions
Problem 6DTM
Related questions
Question
Unit Activity: Mathematical Models and Consumer Finance
Part A
Jenna’s monthly monetary income is $1,200. Her total spending last month was $1,400. Why would Jenna need a budget?
15px
Space used (includes formatting): 0 / 15000
Part B
Maria has $3,000 in the bank, has a home worth $150,000, and has a $75,000 home loan. She also has $10,000 in investments and a $15,000 student loan. What is Maria’s net worth? Show your work.
15px
Space used (includes formatting): 0 / 15000
Part C
Nina is trying to decide between two jobs. The first job pays $10 an hour. The second job offers a $20,000 a year salary, which would equal a gross pay of $769 every two weeks. Nina would work 40 hours a week at both jobs. Nina decides to take the salaried job because she thinks it pays better. Evaluate Nina’s decision. Explain your answer.
15px
Space used (includes formatting): 0 / 15000
Part D
Lola is 15 years old and works in a factory every weekend. Why might this be illegal? What are the specific laws protecting Lola’s rights?
15px
Space used (includes formatting): 0 / 15000
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