You make the following monthly payments. Your total net income (net of taxes) is $3,000. Calculate your total debt-to-income ratio.The minimum payment on the credit card is $30. Assume rent as debt.EntertainmentRent$600Car payment$253Credit card payment $100Utilities$200Groceries$25036%.42%.34%.39%.Health insuranceTaxesGasolineRetirement savingsStudent loan payment$300$500$450$185$150$300

Rent$600Car Payment$253Credit card payment$30Student loan payment$300Net income$3,000Required:Debt…

Answered: You make the following monthly…

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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You make the following monthly payments. Your total net income (net of taxes) is $4,000. Calculate your savings ratio. Rent $600 Entertainment $300 Car payment $253 $500 Credit card payment $100 $450 Utilities $200 Gasoline $185 Groceries $250 Retirement savings $150 Student loan payment $300 O 17.80%. O 16.18%. O 29.05%. O 29.48%. You spend Save for Later Health insurance Taxes Submit An:
Suppose that your monthly net income is $2,480. Your monthly debt payments include your student loan payment and a gas credit card. They total $496. What is your debt payments-to-income ratio? (Enter your answer as a percent rounded to the nearest whole number.)
Hypothetically, Suppose that a monthly net income is $3,340. Your monthly debt payments include your student loan payment and a gas credit card. They total $1,002. What is your debt payments-to-income ratio? I do not know how to enter the answer as a percent rounded to the nearest whole number. please help
I need help calculating this chart
And the total interest someone will pay for the following scenarios
Calculate the monthly payment and the total interest someone will pay for the following scenarios
Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.) Purchase Monthly Payment Down Amount Add-on Number of Finance (Cash) Payment Financed Interest Payments Charge Price 12-% $2,000 15% 2$ 1700 30 $ $ 2
Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.) Purchase (Cash) Price Down Payment Amount Financed Add-on Interest Number of Payments Finance Charge $50,500 25% 37875 10.8% 60 $ Monthly Payment
A savings and loan charges 2.075 points for a home buyer to obtain a loan of $255,000. To calculate the discount points, what value should be multiplied by the loan amount? Also, calculate the discount points.
For the following loan, find (a) the finance charge and (b) the APR. Use the accompanying table to find the APR to the nearest 0.5%. Joel financed a $1555 computer with 24 monthly payments of $70.32 each. Click the icon to view the annual percentage rate table. (a) The finance charge is $ (Round to the nearest cent as needed.) APR Table Number of Monthly Payments (n)| 6 12 18 24 30 36 48 | 60 4.0% 4.5% 5.0% 5.5% 1.17 2.18 3.20 1.32 1.46 2.45 2.73 3.60 4.00 5.29 6.59 7.90 4.22 4.75 5.25 5.92 6.29 7.09 8.38 9.46 10.54 10.50 11.86 13.23 Annual Percentage Rate (APR) for Monthly Payment Loans Annual Percentage Rate (APR) 3.53 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% Finance Charge per $100 of Amount Financed (h) 1.61 1.76 1.90 2.05 2.20 2.35 2.49 2.64 2.79 2.94 3.08 3.23 3.38 3.00 3.28 3.56 3.83 4.11 4.39 4.66 4.94 5.22 5.50 5.78 6.06 6.34 6.62 4.41 4.82 5.22 5.63 6.04 6.45 6.86 7.28 7.69 8.10 8.52 8.93 9.35 9.77 5.83 6.37 6.91 7.45 8.00 8.55 9.09 9.64 10.19 10.75 11.30 11.86 12.42 12.98 7.29…
A borrower with a 645 credit score is buying a $449,481 home with 95% LTV financing. The percent annual premium from the private mortgage insurance (PMI) company is 1.43% for a 30% coverage policy. The borrower's monthly premium payment is? Note: the question is asking for the monthly premium only, not the loan payment + premium. (Input your answer rounded to the nearest whole penny and without the $ sign, e.g., 1000.01)
You take out a consumer loan at your credit union for new insulated windows for your house. The total installed cost is $8,900 of which you pay 16% down. The balance is to be paid in 48 equal monthly payments with a finance charge equal to 6.8% add-on interest on the outstanding balance. Find the monthly payment. OA S255,14 O B. S171.39 OC. 5198.11 O D. $211.27 QUESTION 7 Find the minimum cash investment for a FHA loan on a home in a low closing cost state costing $107,450 with closing costs of $650. OA $2960,18 OB. 53712.32 ০s3223.50 OD.53175.07

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