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answer each part please. thank you :) 1. (10 points) Jane is trying to improve her personal financial planning. Particularly, she wants to make sure

answer each part please.
thank you :)
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1. (10 points) Jane is trying to improve her personal financial planning. Particularly, she wants to make sure she has a sufficient emergency fund. Her financial assets include $300 in cash, $1,200 in savings, $3,200 in checking, and $5,500 in her 401(k). She estimates that her minimum monthly expenses are $1,200 in rent, $300 on an auto loan, $500 in insurance, and $20 in streaming services. a. Calculate her current emergency fund ratio. b. Does she have a sufficient emergency fund? If not, what level of liquid assets should she aim to have? 2. (10 points) Rita has $2,000 she considers her emergency fund. Rita keeps the money in a 2year CD at her local bank. The CD offers 0.70% annual interest and charges 2 months of interest if the CD is cashed in before it matures. a. Calculate the value of the CD after one year. (Hint: be careful about the decimal places!) b. Suppose she has an unexpected car repair of $1,000 and must cash in the CD. What. is the penalty charged for cashing in the CD early? (Hint: find a monthly rate, treating the annual rate as an APR.) c. What does Rita have left after cashing in the CD and spending the $1,000 repair costs

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