PART 1 - Robert Sampson owns a townhouse valued at $180,000 and still has an unpaid mortgage of $145,000. In addition to his mortgage, he has the following liabilities:

Visa	$	730
MasterCard		330
Discover card		530
Education loan		4,500
Personal bank loan		800
Auto loan		5,500
Total	$	12,390

Roberts net worth (not including his home) is about $34,000. This equity is in mutual funds, an automobile, a coin collection, furniture, and other personal property.

a. What is Roberts debt-to-equity ratio? (Round your answer to 2 decimal places.)

b. Has he reached the upper limit of debt obligations? Yes/No

PART 2 -

Using time value of money tables (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D), calculate the following.

a. The future value of $440 five years from now at 6 percent. (Round your FV factor to 3 decimal places and final answer to 2 decimal places.)

b. The future value of $400 saved each year for 8 years at 7 percent. (Round your FVA factor to 3 decimal places and final answer to 2 decimal places.)

c. The amount a person would have to deposit today (present value) at an interest rate of 10 percent to have $3,100 five years from now. (Round your PV factor to 3 decimal places and final answer to 2 decimal places.)