Reference no: EM13988319
1. Chase and Olivia Ellison have a home with an appraised value of $180,000 and a mortgage balance of only $90,000. Given that an S&L is willing to lend money at a loan-to-value ratio of 75 percent, how big a home equity credit line can Chase and Olivia obtain? How much, if any, of this line would qualify as tax-deductible interest if their house originally cost $200,000?
2. Clarissa Lombardi has an overdraft protection line. Assume that her October 2015 statement showed a latest (new) balance of $862. If the line had a minimum monthly payment requirement of 5 percent of the latest balance (rounded to the nearest $5 figure), then what would be the minimum amount that she'd have to pay on her overdraft protection line?
3. Cole Fraser recently graduated from college and is evaluating two credit cards. Card A has an annual fee of $75 and an interest rate of 9 percent. Card B has no annual fee and an interest rate of 16 percent. Assuming that Cole intends to carry no balance and pay off his charges in full each month, which card represents the better deal? If Isaac expected to carry a significant balance from one month to the next, which card would be better? Explain.
4. Maureen Byrne, a student at State College, has a balance of $380 on her retail charge card; if the store levies a finance charge of 21 percent per year, how much monthly interest will be added to her account?
5. Lilly Thompson has several credit cards, on which she is carrying a total current balance of $14,500. She is considering transferring this balance to a new card issued by a local bank. The bank advertises that, for a 2 percent fee, she can transfer her balance to a card that charges a 0 percent interest rate on transferred balances for the first nine months. Calculate the fee that Lilly would pay to transfer the balance, and describe the benefits and drawbacks of balance transfer cards.
6. Amy Kang was reviewing her credit card statement and noticed several charges that didn't look familiar to her. Amy is unsure whether she should "make some noise," or simply pay the bill in full and forget about the unfamiliar charges. If some of these charges aren't hers, is she still liable for the full amount? Is she liable for any part of these charges-even if they're fraudulent?
|
What is the interest rate for two years
: What is the interest rate for two years? Suppose a bond with three years until maturity and an 8.5 percent annual coupon sells for $1,029. What is the interest rate for three years?
|
|
What are your thoughts on the prevalence of suicide
: What are your thoughts on the prevalence of suicide in the U.S.? How can it be reduced
|
|
Good leadership requires effectiveness on two dimensions
: Consider the findings from the Ohio State and Michigan studies: Good leadership requires effectiveness on two dimensions – initiating structure, commonly called task orientation, and showing consideration, commonly called employee orientation. Descr..
|
|
Please use alibaba as the competition part
: 3C's analyse for Amazon (3 C's means customer, competition, and company). If it possible, please use Alibaba as the competition part.
|
|
Tax-deductible interest
: Chase and Olivia Ellison have a home with an appraised value of $180,000 and a mortgage balance of only $90,000. Given that an S&L is willing to lend money at a loan-to-value ratio of 75 percent, how big a home equity credit line can Chase and Oli..
|
|
Management tasks-planning-organizing-directing-evaluating
: The four management tasks (planning, organizing, directing, and evaluating) existed long before computers. Discuss how the use of computers and technology have changed the way managers perform these tasks. Is it possible to count too much on intuitio..
|
|
In ways did world war ii change the american world view
: How did America come to view the roles of women, minorities, and its own sense of economic and political destiny?
|
|
How do these realities affect treatment of battered women
: Often, society does not understand the dynamics of abuse and why abused women often stay with their abusers over long periods of time. What are the realities for the abused woman? How do these realities affect the treatment of battered women
|
|
More complex program that has tight coupling
: In Java, coupling is how much one class knows about another. For example, having classes A, B and C where class C knows the inner elements of A and/or B. Do we think this is a good idea or not so good?
|