Consider someone with a monthly consumer credit payments of $480. If his/her debt safety ratio was 17percent, how much approximately was his/her monthly take home pay?

A. $2,501.75

B. $3,080

C. $5,507

D. $2,823.00

You decide to invest $3,000 a year in your 401(k) retirement account, which earns an 8 percent annually.After 35 years, how much money will you have in the account over and above the amounts you willcontribute over the 35 years? (Hint: You will need future value of annuity table) A. $105,000 B. $411,950 C. $468,000 D. $516,950

Answer showing all workings clearly