How much do you have left to spend next year

Assignment Help Finance Basics
Reference no: EM133115994

You want to buy a Porsche that costs $28,320 right now You also must spend $3,248 on a nice dress, immediately. Your salary is $42,000 and next year will be $ 46,000. Your living expenses is $ 34,000. You plan to access a loan to cover the difference between your current income and your current expenses at the rate of 14%. You intend to repay the loan plus interest in 1 year. How much do you have LEFT to spend next year?

Reference no: EM133115994

Questions Cloud

Organization-motivation and accountability : Organization, Motivation, and Accountability are a few of the things necessary to move an organization forward.
What would be the balance for Harris : Given the following account balances before closing entries, what would be the balance for Harris, Capital on the Post-Closing Trial Balance
What is the price of the bond : What is the price of the bond now (three years to go) if the annual rate of interest demanded by investors in the secondary market is 6%?
Undertake a civil construction design project : Undertake a civil construction design project as outlined below. Your Assessor will take the role of the client for the purposes of this assessment task
How much do you have left to spend next year : You want to buy a Porsche that costs $28,320 right now You also must spend $3,248 on a nice dress, immediately. Your salary is $42,000 and next year will be $ 4
What would be the journal entry on January : On January 15th?, the company paid the salaries payable and an additional? $900 in salaries expense. What would be the journal entry on January 15th?
Employee engagement and high performing teaming : Critical elements to achieving Operational Excellence are employee engagement and high performing teaming.
Develop a plot box for the properties and estate price : Virality Reality provide advertisements for properties and estates located around Kota Samarahan. The price listed for 20 properties and estate are shown as fol
Difference between asset allocation and security selection : How does Sarbanes-Oxley improve the quality of information in the markets?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd