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2 years ago

Natalie makes $2000 per month she spends 100 on credit card payments what is her debt to income ratio

1 answer:

5 0

Monthly income = 2000 dollars
Debt to pay = 250 + 100 = 350 dollars
Let's find the ratio of debt to income.
=> 350 / 2000 = 0.175
=> 0.175 * 100 = 17.5 percent.
Thus 17.5% of his salary goes to his debts for credit card and auto loan.

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3 years ago

Read 2 more answers

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Companies when crossing national borders also increase the need for information. International organizations that have a centralized management must be aware of what is happening in the world.

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3 years ago

Which of the following investments would have the highest future value at the end of 10 years? Assume that the effective annual

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Answer:

The investment that will have the highest future value is option b.

Explanation:

First lets suposse the effective annual rate is 10%

a. Future value= $2,500

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NVP= ($250/(1+10%)^1)+($250/(1+10%^2)+($250/(1+10%^3)... and so on until year 10

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b. If payments are due at the beginning of every year means that at year 0 you start with $250. You must calculate the NPV in this way

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And then you calculate the future value of this answer:

VF= $1,698 *(1+10%)^10

VF=$4,405.37

The investment that will have the highest future value is option b.

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