Questions and Answers of Personal Financial Planning

After graduating from college last fall, Jennifer Grant took a job as a consumer credit analyst at a local bank. From her work reviewing credit applications, she realizes that she should begin
Luis and Elena Gonzales are a newly married couple in their mid-20s. Luis is a senior at a state university and expects to graduate in the summer of 2021. Elena graduated last spring with a degree in
Evaluating debt burden. Kevin Mills has a monthly take-home pay of $3,865; he makes payments of $410 a month on his outstanding consumer credit (excluding the mortgage on his home). How would you
A year after declaring bankruptcy and moving with her daughter into a home with her sister, Molly Graham is about to get a degree in nursing. As she starts out in a new career, she also wants to
Use Worksheet 6.1. Katherine Hunt is evaluating her debt safety ratio. Her monthly take- home pay is $3,320. Each month, she pays $380 for an auto loan, $120 on a personal line of credit, $60 on a
Isaiah and Allison Burton have a home with an appraised value of $180,000 and a mortgage balance of only $90,000. Given that an S&L is willing to lend money at a loan to-value ratio of 75
Joseph Simpson, a student at State College, has an average balance of $380 on his retail charge card; if the store levies a finance charge of 21 percent per year, how much monthly interest will be
Justin Nichols recently graduated from college and is evaluating two credit cards. Card A has an annual fee of $75 and an interest rate of 9 percent. Card B has no annual fee and an interest rate of
Calculating credit card finance charge. Blake Miller recently received his monthly MasterCard bill for the period June 1–30, 2021, and wants to verify the monthly finance charge calculation, which
Camila Martinez has several credit cards, on which she is carrying a total current balance of $14,500. She is considering transferring this balance to a new card issued by a local bank. The bank
Comparing credit and debit cards. Caden Walker is trying to decide whether to apply for a credit card or a debit card. He has $8,500 in a savings account at the bank and spends his money frugally.
Credit card liability. Cheryl Lee was reviewing her credit card statement and noticed several charges that didn’t look familiar to her. Cheryl is unsure whether she should pay the bill in full and

Showing 500 - 600 of 512

1
2
3
4
5
6