Both monies pooled together after taxes add together the sum of £1626.56. With outgoings at £1140 and £1625 pooled together there is a difference of £405 which split between the two girls would be a total of £202.50. Using the online household equivalence calculator this compensates Praveena’s loss of income by 37%. Case study 2 Casper is in the process of paying for his holiday which will cost him £2000, he is considering what to do? If Casper decided to take out a loan that charges 20% APR over one year for the amount of £2000 over 12 months he would expect to pay £183 per month for 12 months with interest of £205.
Part A (50 per cent of the marks) Question 1 Panna wants to buy a new suite of furniture for her flat. The furniture costs £3000 from a furniture store in her local town. The saleswoman suggests that Panna takes out a loan from the store’s finance company to fund the purchase of the furniture. The repayment loan from the finance company would be at a fixed APR of 9 per cent for a repayment term of between one and four years, which Panna can select herself. The loan would take the form of a secured loan.
UNIT 4 Exam Review 1) You have purchased $70,000 worth of goods. The dealer is giving you terms of 3/10, n/60. You were billed on March 15 and given a loan rate of 6.5%. If you take out a loan to take advantage of the discount, how much do you really save by getting the loan and taking advantage of the discount, but still paying interest? Answer: Amount of discount = 70,000 * .03 = $2100.
Some fruits are sweet as well as sour in taste like orange, as it has almost equal quantities of fructose and acids in it. Fruits like lemons have sour taste; they do not get sweet taste even after ripening due to the presence of excessive amount of acids. Raw bananas have more starch but when the fruit gets ripen, the starch gets converted into fructose. The chemical changes take place inside the fruit during the process of ripening, due to these changes the amount of sugar increases in fruit and it becomes sweet. You will see that even two fruits of same type have different taste like two mangoes or two apples do not have same taste but they are different in taste.
1.1a Write down the corrected monthly expenditure figures that the adviser draws up, using the information above. Table 1 Wilfred’s monthly expenditure (£) Mortgage (APR 4.5%, fixed monthly contribution, 20 years remaining) 625.00 Council tax 71.25 Electricity and gas 110.00 Motorbike loan (APR 5%, fixed monthly contribution, seven years remaining) 125.00 Gym 45.00 Motoring costs 70.00 Other travel 320.00 Food and drink 215.00 Household goods 45.00 Personal goods and services 115.00 Entertainment 175.00 Holiday 100.00 Insurance 70.00 Total £2086.25 1.1b What is the effect of these corrections on Wilfred’s monthly budget surplus or deficit? He will have a monthly budget surplus of £13.75. 1.2a Wilfred proposes to his pregnant girlfriend Freya, who decides to move in with him (he still intends to buy the satellite phone, paying £25 pcm for the next two years). Describe three likely consequences of these actions for the future household budget.
Task 5 QLT Subdomain 212.1 & 212.2 Chosen Scenario: Scenario 1 A.) New parents are looking for a daycare to put their newborn during the week, while they are working. They have narrowed it down to two day cares and need to figure out which one of the two will be the more cost effective day care for any given amount of hours per week. One day care is home-based and they are charging a flat rate of $20.00 per hour including all feeding and changing costs. The second day care is center-based and they are charging a set fee of $400.00 plus an additional $10.00 per hour which also includes all feeding and changing costs per week.
Assignment 1: Financial Project Math 104 Dan Burnell Five years ago, I bought a house for $151,000.00 with a down payment of $30,000, which means I took a loan for $121,000.00. My interest rate was 5.75% fixed. I would like to pay more on my loan. I check my bank statement and find the following information: Escrow Payment: $211.13 Principle And Interest Payment: $706.12 Total Payment: $917.25 Current Loan Balance: $112,242.47 I need to explain how much additional money i would need to add to my monthly payment to pay off my loan in 20 years instead of 25 years. If I took 25 years to pay off my loan the monthly Payment would be $761.22 per month.
George and Dora have enough for only one month. Savings ratio is the percentage of gross income saved each month. It is recommended to save between 5-10 percent. Currently George and Dora are not even saving a full 3 percent. Recommendations George and Dora can mend both the liquidity and savings ratio with one solution.
Apples can grow in a variety of climates but oranges can normally only grow in tropical regions. In conclusion, apples and oranges have about as much in common as they have differences. While they are different in structure, color, taste, and mineral content, they are similar in their shape, rootage, grocery aisle, and food category. So the next time you hear someone use the phrase “like comparing apples and oranges“, tell them that
Topic sentences for each body paragraph 3. Outline of paragraphs (using the "sequencing" style of organization) Answer: 1. Apples and Oranges are both similar and different in terms of where they are grown, what the look like, and cost. 2. Apples are a pomaceuos fruit that grow on small deciduous trees.