Mary must make payments on $ 4 0 , 0 0 0 in student loans at 7
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Question:
Mary must make payments on $ in student loans at interest compounded monthly, a house payment on an outstanding $ home loan compounded monthly for years, and wants to buy a $ car. Current interest rates are compounded annually. She owes $ on her credit card the charges per month and must make a minimum payment of $ per month on it She anticipates having $ per month left after meeting expenses, including the minimum payments on loans and her credit card. She is considering investing in the stock market.
a What is the minimum MARR she should use to analyze this decision?
b If she feel she can make each year in the stock market, how should she spend her extra $ per month for the next year?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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