Brenda plans to reduce her spending by $60 a month. What would be the future value of this reduced spending over the next 13 years? (Assume an annual deposit to her savings account and an annual interest rate of 5 percent.) Use Exhibit 1-B. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.) Future value Kara George received a $20,000 gift for graduation from her uncle. If she deposits this in an account paying 5 percent, what will be the value of this gift in 11 years? Use Exhibit 1-A. (Round FV factor to 3 decimal places and final answer to the nearest whole dollar.) Future value Using the following balance sheet items and amounts, calculate the total liquid assets and total current liabilities: Money market account Mortgage Retirement account $ 2,900 Medical bills $ 164,000 Checking account $ 89,800 Credit card balance $ 310 $ 840 $ 549 Answer is complete but not entirely correct. $ 93,540 X a Total liquid assets Total current liabilities b. 549 X S Based on the following financial data, calculate the ratios requested. (Round your answers to 4 decimal places.) Liabilities Liquid assets Monthly credit payments Monthly savings $ 9,200 $ 7,400 $ 780 $ 270 Net worth Current liabilities Take-home pay Gross income $ 65,000 $ 1,650 $ 2,750 $ 3,200 Answer is complete but not entirely correct. a. Debt ratio 0.2233 X 4.4849 b c Current ratio Debt-payments ratio Savings ratio 0.2438 X 0.0844 d. The Fram family has liabilities of $136,000 and a net worth of $348,000. What is their debt ratio? (Round your answer to 3 decimal places.) X Answer is complete but not entirely correct. Debt ratio 0.281 X Brenda plans to reduce her spending by $60 a month. What would be the future value of this reduced spending over the next 13 years? (Assume an annual deposit to her savings account and an annual interest rate of 5 percent.) Use Exhibit 1-B. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.) Future value Kara George received a $20,000 gift for graduation from her uncle. If she deposits this in an account paying 5 percent, what will be the value of this gift in 11 years? Use Exhibit 1-A. (Round FV factor to 3 decimal places and final answer to the nearest whole dollar.) Future value Using the following balance sheet items and amounts, calculate the total liquid assets and total current liabilities: Money market account Mortgage Retirement account $ 2,900 Medical bills $ 164,000 Checking account $ 89,800 Credit card balance $ 310 $ 840 $ 549 Answer is complete but not entirely correct. $ 93,540 X a Total liquid assets Total current liabilities b. 549 X S Based on the following financial data, calculate the ratios requested. (Round your answers to 4 decimal places.) Liabilities Liquid assets Monthly credit payments Monthly savings $ 9,200 $ 7,400 $ 780 $ 270 Net worth Current liabilities Take-home pay Gross income $ 65,000 $ 1,650 $ 2,750 $ 3,200 Answer is complete but not entirely correct. a. Debt ratio 0.2233 X 4.4849 b c Current ratio Debt-payments ratio Savings ratio 0.2438 X 0.0844 d. The Fram family has liabilities of $136,000 and a net worth of $348,000. What is their debt ratio? (Round your answer to 3 decimal places.) X Answer is complete but not entirely correct. Debt ratio 0.281 X