Ekta is meeting with the Royal Bank $($RBC$)$ to go over her ratios as she has applied for a loan.

Description Fair Market Value

Chequing account $$20$

Furniture $$6,855$

Furniture loan $(11$ months remaining$)$ $$6,150$

Car $$24,700$

Car loan $(4$ years remaining$)$ $$20,650$

Registered Retirement Savings Plan $($RRSP$)$ investments: $($Stocks$)$ $$950$

Tax$-$Free Savings Account $($TFSA$)$ $$2,275$

Savings Account $$30$

Investments: Mutual Funds $($bonds$)$ $$185$

Student loan $(3$ years remaining$)$ $$11,200$

Credit card balance $($she has not paid the amount in full, nor the minimum payment for the last $3$ months$)$ $$1,600$

Cash $$75$

Rent $($monthly$)$ $$2,250$

Utilities including hydro, internet $($monthly$)$ $$280$