Your Client's List of Assets, Liabilities, Income \& Expenses

FINANCIAL MANAGEMENT (10 Marks) Your Client's List of Assets, Liabilities. Income & Expenses Asset Liabili Banking Chequing Account Joint Savings Account Claire's RRSP David's RRSP David's car (3 years old) value Claire's car (1 year old) value David's current car loan (at an interest rate of 10%) Claire's car loan (at an interest rate of 13%) ISA credit card balance at 21% interest Expenditures in October 2022 Rent Non-discretionary living expenses (household expenses, food, clothing, etc,) Entertainment & restaurants Claire's payment into her Employer Pension plan Telephone, cable & internet Car expenses for both cars (insurance, gas, etc.) Claire's car loan Payment David's car loan Payment Amount $6500 $160,000 $110,000 $25,000 $16,500 $33,500 $6,500 $23,500 $9,500 Sl,900/month $1,500/month $1,000/month $400/month $250 / month $180/ month $625 / month $400 / month Rate of Return 0% 1% 3% 2%