1)If you pay off a $3,900 loan in 12 equal payments over 1 year at 1.50% monthly interest, how much will your payments be each month?

2) Calculate the affordable monthly car payment for a person who has a monthly income of $4,285 and who already has $1,000 worth of debt.

3)Assume that stock prices on multiple broad market indexes have decreased 17% over the last two months. How much more must the market indexes drop before the market is determined to be a bear market?

4)What is the current ratio if the short-term asset balance is $1,242,000 and the short-term liabilities balance is $540,000? (Round your final answer to 2 decimal places.)

5)What is the debt ratio if the amount of total assets financed with debt is $1,500,000 and assets total $2,460,000?

6) What is the debt ratio if the amount of total assets financed with debt is $1,500,000 and assets total $2,460,000?