Question Completion Status: QUESTION 34 Greg is planning to buy a new car to make his commute easier in the mornings. He is planning to use $4,000 of his savings as a down payment and will borrow the rest at a good interest rate. His total monthly expenses (TME) is $3,000. His financial ratios are as follows: ALR-2.6, CIR-21.29. PFE=57%, MSR-7.5%. What is your recommendation? He has more savings than is needed for down payment on the car, so he should buy the car He does not have $4000 in savings to pay for down payment on the car While he has money saved in his account, he should not buy the car yet, because his CIR and ALR indicators will increase and decrease respectively. beyond the recommended thresholds While he does not have enough savings, he can buy the car by borrow a little more and reducing downpayment. His CIR and ALR indicators will decrease and increase respectively as a result of this move He should buy the car, because his net assets will not change as a result of this transaction O QUESTION 35 Sofi saves 570 per month which is included in her TME. Sofi's husband believes they can increase their savings to at least 100. The household's MGI is $3.467 and TME is $3.414 Karina can increase her savings but not up to $100 Unless she cuts back on some expenses, Karina will not be able to increase her savings Karina faces a deficit. She will have to reduce her monthly savings Karina can save more than $100 per month Karina can save up to $150 per month Click Save and Suburut to stand submit. Click Save All Ass to save all answers 5 20 dtv QUESTION 34 Greg is planning to buy a new car to make his commute easier in the mornings. He is planning to use $4,000 of his savings as a down payment and will borrow the rest at a good interest rate. His total monthly expenses (TME) is $3,000. His financial ratios are as follows: ALR=2.6, CIR-21.2%, PFE=57%. MSR-7.5%. What is your recommendation? He has more savings than is needed for down payment on the car, so he should buy the car He does not have $4000 in savings to pay for down payment on the car O While he has money saved in his account, he should not buy the car yet, because his CIR and ALR indicators will increase and decrease respectively. beyond the recommended thresholds While he does not have enough savings, he can buy the car by borrow a little more and reducing downpayment. His CiR and ALR indicators will decrease and increase respectively as a result of this move He should buy the car, because his net assets will not change as a result of this transaction QUESTION 35 Son saves 570 per month which is included in her TME. Sofl's husband believes they can increase their savings to at least 100. The household's MGI is $3,467 and TME is $3,414 Karina can increase her savings but not up to $100 Unless she cuts back on some expenses, Karina will not be able to increase her savings Karina faces a deficit. She will have to reduce her monthly savings Karina can save more than 100 per month Karina can save up to $150 per month
