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[DOC File]1
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Megan is buying a car for 30,000 using a 60 month car loan with an interest rate of 9% compounded monthly. For the first two years, Megan makes the required payment. Beginning with the first payment in the third year, Megan begins paying twice the required payment. Megan will completely pay off her loan by making a smaller final payment.
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[DOC File]20/10 Rules Practice Problems
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Her rent payment is $445 per month and she has a student loan payment of $120 per month. She wants to buy a system for her car using her credit card. What is the highest payment for the sound system that Janice can safely afford? 7. Evan and Carmen are married and have a combined monthly income of $3500. They have a monthly rent payment of $700.
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[DOC File]Family Budget
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House Payment: $1400 Entertainment: $300. House Expenses: $300 Cable: $60. Car 1: $250 Gym membership: $100 per month. Car 2: $350 Internet: $60. Gas: $250 Cell phone (per person): $70 x 2. Car Insurance for family: $250 Savings = $800. Monthly Budget Original Budget New Budget Gross Income 8 000 5 000 + 1 200= 6 200 Income tax, CPP, and EI (40 ...
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Chapter 01 Personal Financial Planning in Action
Buy a car for less than $17,000 within 6 months B. Retire at age 65 C. Purchase a house with a mortgage no greater than $150,000 within 3 years D. Set up an emergency fund E. Invest $50 per month for the next 18 years for my nephew's college fund
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[DOC File]Answer: 8
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Oct 09, 2007 · They have 15 remaining payment of $315 on a new car and 3 remaining payments of $74 on a washer and dryer. The taxes and insurance on the house are $135 per month. What maximum monthly payment does the bank’s loan officer feel that the …
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[DOC File]BALANCE OF PAYMENTS
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After deciding to buy a new car, you can either select a lease or a purchase the car with a 3 year loan. The car you want costs $35,000. The dealer has a special leasing arrangement where you pay $1 today and $450 per month for the next 3 years.
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[DOC File]Budgeting Assignment
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Research a car and add your car payment or a mass transit option. ... Car Insurance: $200/month Finally, calculate your expenses that include WANTS: ... Presents: birthdays and holidays (assume $20-$100/gift per person for every birthday and holiday) Clothes budget per year/12 months .
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100 per month car payment