Personal Finance (The Mcgaw-hill/Irwin Series in Finance, Insurance, and Real Estate)
11th Edition
ISBN: 9780077861643
Author: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes
Publisher: McGraw-Hill Education
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Question
Chapter 6, Problem 2CC
Summary Introduction
Case summary:
S has been out of college for about a year and work at pet store. S got engaged to M Lawrence. She has adequate emergency funds. S and M have used credit cards for the purchases last year when they ran out of money at month end. They also used credit cards to fund a vacation on the beach. S and M make payments on time but unable to pay off more than the minimum balance and therefore left with the credit card debt.
Characters in the case: S and M.
Adequate information:
Monthly income is $1,750.
Living expenses is $1,210.
Personal proprietary is $7,300.
Savings is $5,000.
Student loan is $4,200.
Credit card debt is $4,600.
To determine:
The best way to become more aware of the credit card debts on current and future financial situations.
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Chapter 6 Solutions
Personal Finance (The Mcgaw-hill/Irwin Series in Finance, Insurance, and Real Estate)
Ch. 6 - Prob. 6.1PQ1Ch. 6 - Why is consumer credit important to our economy?Ch. 6 - Prob. 6.1PQ3Ch. 6 - Prob. 6.1PQ4Ch. 6 - Prob. 6.2PQ1Ch. 6 - Prob. 6.2PQ2Ch. 6 - Prob. 6.2PQ3Ch. 6 - Prob. 6.3PQ1Ch. 6 - Prob. 6.3PQ2Ch. 6 - Prob. 6.3PQ3
Ch. 6 - Prob. 6.3PQ4Ch. 6 - Prob. 6.3PQ5Ch. 6 - Prob. 6.3PQ6Ch. 6 - Prob. 6.4PQ1Ch. 6 - Prob. 6.4PQ2Ch. 6 - Prob. 6.4PQ3Ch. 6 - Prob. 6.5PQ1Ch. 6 - Prob. 6.5PQ2Ch. 6 - Prob. 6.5PQ3Ch. 6 - Prob. 6.5PQ4Ch. 6 - What federal laws protect you if you have a...Ch. 6 - Prob. 6.6PQ2Ch. 6 - Prob. 1FPPCh. 6 - Prob. 2FPPCh. 6 - Prob. 3FPPCh. 6 - Prob. 4FPPCh. 6 - Prob. 5FPPCh. 6 - Prob. 6FPPCh. 6 - Prob. 7FPPCh. 6 - Prob. 8FPPCh. 6 - Prob. 9FPPCh. 6 - Prob. 10FPPCh. 6 - Prob. 11FPPCh. 6 - Prob. 1FPACh. 6 - Prob. 2FPACh. 6 - Prob. 3FPACh. 6 - Prob. 4FPACh. 6 - Prob. 5FPACh. 6 - Prob. 6FPACh. 6 - Prob. 7FPACh. 6 - Prob. 8FPACh. 6 - Prob. 9FPACh. 6 - Prob. 10FPACh. 6 - Prob. 1FPCCh. 6 - Prob. 2FPCCh. 6 - Prob. 3FPCCh. 6 - Prob. 4FPCCh. 6 - Prob. 1CCCh. 6 - Prob. 2CCCh. 6 - Prob. 3CCCh. 6 - Prob. 1DSDCh. 6 - 2. How might your Daily Spending Diary provide...
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