Question: Fin 3353 Chapter 11 Homework Assignment 1. Jane and Bill Collins have total take-home pay of $4,500 a month. Their monthly expenses total 3,400. Calculate
Fin 3353 Chapter 11 Homework Assignment 1. Jane and Bill Collins have total take-home pay of $4,500 a month. Their monthly expenses total 3,400. Calculate the minimum amount this couple noods to establish an emergency fund. (LO11.1) 2. Use the information in the figure below to complete the following table. (LO11.1) Aanual Deposit Rate of Return Number of Investment Total Years Total Value at the Amount of Amount of End of Time Investment Earnings Period Annual Investment Value at the (derived Deposit x from the Number ofEnd of Time table in the years Figure It Out feature Period- Total Amount of 2% $2,000 52,000 2,000 2,000 30 30 11% Fin 3353 Chapter 11 Homework Assignment 1. Jane and Bill Collins have total take-home pay of $4,500 a month. Their monthly expenses total 3,400. Calculate the minimum amount this couple noods to establish an emergency fund. (LO11.1) 2. Use the information in the figure below to complete the following table. (LO11.1) Aanual Deposit Rate of Return Number of Investment Total Years Total Value at the Amount of Amount of End of Time Investment Earnings Period Annual Investment Value at the (derived Deposit x from the Number ofEnd of Time table in the years Figure It Out feature Period- Total Amount of 2% $2,000 52,000 2,000 2,000 30 30 11%
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