33. Caroline has a monthly income of $4,000. She has $50,000 in savings, $10,000 in a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
33. Caroline has a monthly income of $4,000. She has $50,000 in savings, $10,000 in a retirement account, and owes $20,000 on her student loan. Caroline's monthly expenses amount to $2,50 Calculate Caroline's net worth after 2 years if her discretionary income is added to savings each month. (1 Point) * $76,000 $71,500 O $74,000 $60,000 33. Caroline has a monthly income of $4,000. She has $50,000 in savings, $10,000 in a retirement account, and owes $20,000 on her student loan. Caroline's monthly expenses amount to $2,50 Calculate Caroline's net worth after 2 years if her discretionary income is added to savings each month. (1 Point) * $76,000 $71,500 O $74,000 $60,000
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below Ive calculated Car... View the full answer
Related Book For
Posted Date:
Students also viewed these economics questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1 and 2. On September 1, Irene opened a retail store that specializes in sports car...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-4. Ivan and Irene paid the following in 2012 (all by check or can otherwise be...
-
What is the driving force for mountain building in the Andes?
-
When should a product warranty liability be recorded?
-
Canadian Lawn and Yard Services (CLYS) recently decided to implement a standard costing system for all the different kinds of yard and lawn services it provides to customers. For its standard...
-
Monroe Bradstad borrowed \($100,000\) from his aunt, Jeanne Garland, to purchase farmland. Both parties subsequently signed a promissory note stipulating that interest would be accrued prior to or on...
-
On January 1, 2008, Crocker Company issued 10-year, $2,000,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 15 shares of Crocker common stock . Crockers net income in 2008 was...
-
The buyer at Ajax Co. is responsible for maintaining inventory of a key component which is used in the firm's manufacturing process throughout the entire 52-week year. The annual demand is 12,000...
-
Ashton and Melody Webb are a married couple in their mid-20s. Ashton has a good start as an electrical engineer and Melody works as a sales representative. Since their marriage four years ago, Ashton...
-
What is responsibility accounting? Explain the purpose of responsibility accounting.
-
How do influential leaders leverage their networks and alliances to amplify their impact, mobilizing coalitions of stakeholders, advocates, and change agents to advance shared goals and catalyze...
-
What cognitive mechanisms underpin the phenomenon of social influence, and how can leaders leverage these insights to exert a profound impact on individual behaviors, group dynamics, and...
-
The common stock of Mill Stones has a beta that is 10 percent greater than the overall market beta. Currently, the market risk premium is 7.65 percent while the U.S. Treasury bill is yielding 4.50...
-
stimulus go venture CEO, I selling electric car compete friends in class. 1. What is your innovation strategy for your firm in the simulation, drawing on the readings/videos of this week? 2. How were...
-
2. SCHUMACHER (2011, 547) SAYS RIZAL IS "A WEAPON", A WEAPON AGAINST WHAT? WHAT DO YOU THINK OF THE BROAD QUESTION ABOUT THIS? WHAT DOES THE PASSAGE OF RA 1425 MEAN IN THIS MATTER? 3. BASED ON THE...
-
Q2: Determine whether tin is stable in 10* M Sn acid solution of pH = 5. Estimate: (a) The Gibbs free energy change. (b) The cell potential for the corrosion cell. The activity coefficients are...
-
Question 2 For an n x n matrix A = form) via (aij)
-
How are production limits used in practice to raise the prices of the following goods or services? (a) Taxi rides, (b) Drinks in a restaurant or bar (c) Wheat or corn?
-
George has $5000 to invest in a mutual fund. The expected return on mutual fund A is 15% and the expected return on mutual fund B is 10%. Should George pick mutual fund A or fund B?
-
Many consumers view a well-known brand name as a signal of quality and will pay more for a brand-name product (e.g., Bayer aspirin instead of generic aspirin, Birds Eye frozen vegetables instead of...
-
The mean height of American males is 69.5 inches. The heights of the 43 male U.S. presidents* (Washington through Obama) have a mean 70.78 inches and a standard deviation of 2.77 inches. Treating the...
-
Contrast the assumptions for a finite distributed lag model with those for an infinite distributed lag model.
-
Compute delay, interim, and total multipliers for finite and infinite distributed lag models.
Study smarter with the SolutionInn App