Question
Use the table below to complete questions 19 and 20. (show all work) 19) Based on information in the table calculate Michaels' net worth.(show all
Use the table below to complete questions 19 and 20. (show all work)
19) Based on information in the table calculate Michaels' net worth.(show all work)
20) Based on information in the table calculate Michaels monthly surplus or deficit. (show all work)
| Monthly salary | $2,800 |
| Monthly rent payments | $850 |
| Savings account balance | $2,000 |
| Monthly auto loan payment | $425 |
| Money market investment account balance | $5,000 |
| Monthly income from side business on eBay | $900 |
| Weekly grocery expense | $50 |
| Value of autos | $12,000 |
| Balance of student loans | $8,000 |
| Monthly student loan payment | $245 |
| Monthly utilities expense | $150 |
| Bi-annual insurance premium | $450 |
| Balance of auto loans | $8,600 |
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Affordable Housing Finance
Authors: K. Hawtrey
2009th Edition
0230555187, 978-0230555181
