Total income for the current year

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Reference no: EM131624385

1. Assume that your total income for the current year is $35,000. Your total expenses including taxes of $5,000 is $30,000. Your savings ratio is:

16.7%.

12.5%.

7.5%.

13.3%.

10.0%.

2. According to the Federal Reserve, what was the interest rate for 30-year mortgages (MORTG) on April 1, 2007? Look for "30-Year Conventional Mortgage Rate." Click on "monthly." You may need to use the export function.

6.14%

6.16%

6.29%

6.18%

6.22%

Reference no: EM131624385

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