#8 interest is not specified by professor.

8. You are single, you rent your home, you donate little to charity, you earn $75,000 a year putting you in a 30% tax bracket. Your employer matches up the 4% of your salary that you save in your 401k. What is the reduction in your net paycheck (amount of money you actually take home in the form of cash) in order to end up with $10,000 in your 401k at the end of the year? 9. You have $2000 to invest. You invest aggressively and you earn 15% annualized return. You manage to double your money in hoe many years? (Rule of 72) 10. You make $50,000 a year you have $20,000 saved on a down payment for a home. The taxes on the home you want to purchase are $1,800 per year. (Home insurance costs were stated for budget purposes a couple times this semester: $100 per month). Interest rates are 4%, the most you can borrow to purchase the home is approx. what? Tip: do the math! You make 50,000 a year (28%). take out your insurance, take out your (he said "what do you call it" but I think he meant taxes). That's what you've got left for principle of interest, do the reverse math on the 30 year mortgage and that's how much you can borrow. 8. You are single, you rent your home, you donate little to charity, you earn $75,000 a year putting you in a 30% tax bracket. Your employer matches up the 4% of your salary that you save in your 401k. What is the reduction in your net paycheck (amount of money you actually take home in the form of cash) in order to end up with $10,000 in your 401k at the end of the year? 9. You have $2000 to invest. You invest aggressively and you earn 15% annualized return. You manage to double your money in hoe many years? (Rule of 72) 10. You make $50,000 a year you have $20,000 saved on a down payment for a home. The taxes on the home you want to purchase are $1,800 per year. (Home insurance costs were stated for budget purposes a couple times this semester: $100 per month). Interest rates are 4%, the most you can borrow to purchase the home is approx. what? Tip: do the math! You make 50,000 a year (28%). take out your insurance, take out your (he said "what do you call it" but I think he meant taxes). That's what you've got left for principle of interest, do the reverse math on the 30 year mortgage and that's how much you can borrow