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personal finance need questions 5, 7, 9 and 10 5. Computing Unit Prices. Calculate the unit price of each of the following items. 2.5 quarts
personal finance need questions 5, 7, 9 and 10
5. Computing Unit Prices. Calculate the unit price of each of the following items. 2.5 quarts Item Price Size Unit Price Motor oil $1.95 cents/quart Cereal 2.17 15 ounces cents/ounce Canned fruit 0.89 13 ounces cents/ounce Facial tissue 2.25 300 tissues cents/100 tissues Shampoo 3.96 17 ounces cents/ounce 6. Calculating the Present Value of a Consumer Purchase. What would be the net present value of a microwave oven that costs $159 and will save you 568 a year in time and food away from home? Assume an average return on your savings of 4 percent for five years. 7. Comparing Automobile Loans. What would be the total vehicle cost in each of these situations? Vehicle 1: A down payment of $3,500 with 48 monthly payments of $312. Vehicle 2: A down payment of $2,700 with 60 monthly payments of S276. 9. Buying versus Leasing a Motor Vehicle. Based on the following, calculate the costs of buying and of leasing a motor vehicle. Purchase Costs $500 $1,500 $450 for 36 months Down payment Loan payment Estimated value at end of loan Opportunity cost interest rate: Leasing Costs Security deposit Lease payment End of lease charges $450 for 36 months $600 $4,000 active manager, his partner will run the restaurant. Will he get the loan? Explain your answer. 10. Analyzing a Spending Plan. Carl's house payment is $1,050 per month and his car payment is $385 per month. If Carl's take-home pay is $2,800 per month, what percentage does Carl spend on his home and car? 11. Analyzing a Spending Plan. In the above example, what percentage does Carl spend on his home Step by Step Solution
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