Line of credit to purchase the car

Assignment Help Business Management
Reference no: EM13991872

Mandy is interested in purchasing a new automobile for personal use. The dealer is offering a special 1.9% interest rate on new cars. Last fall, she opened a home equity line of credit with her bank. If she uses the line of credit to purchase the car, the interest rate will be 7.95%. Write a letter to Mandy explaining whether she should finance the purchase of her car through the dealer or use her home equity line of credit. Assume Mandy is in the 35% tax bracket.

Reference no: EM13991872

Previous Q& A

  Prepare a graph of the data

Prepare a graph of the data. On this same graph, plot a 12-month moving average forecast. Discuss any apparent trend and seasonal patterns

  Proper tax treatment of the refund

Simon is single and a stockbroker for a large investment bank. During 2010, he has withheld from his paycheck $2,250 for state taxes and $400 for city taxes. In June 2011, Simon receives a state tax refund of $145. What is the proper tax treat- me..

  Jesse allowable deduction for taxes

He also has to pay a $40 penalty and interest of $12 to New York City. However, he receives interest of $16 from New York State. What is Jesse's allowable deduction for taxes for 2010?

  Allowable deduction for taxes

If Paula's adjusted gross income is $35,000, what is her allowable deduction for taxes? Assume the same facts as in part a, except that Paula pays $1,600 in sales tax on a motor vehicle she purchased during the year. What is Paula's allowable deduc..

  What are the steps of testing a hypothesis

What are the steps of testing a hypothesis for two populationmeanswith independent and dependent samples? Provide a workplace or business related example

  Itemized deduction for medical expenses

By the end of the year, Lian is able to pay only $6,100 of the costs that aren't covered by her medical insurance. What is  Lian's  allowed  itemized  deduction  for medical expenses if her adjusted gross income is $39,000 before considering any o..

  Identify and discuss a specific legacy

Identify and discuss a specific legacy left by the Achaemenid dynasty of the Persian empire.

  Identify major challenge facing leaders in the purchasing

Identify one major challenge facing leaders in the Purchasing and Material Management field today and make two recommendations on how this challenge might be addressed to ensure organizational success?

  Analyze whether the investment in the truck is profitable

Explain why limited leverage is good for business.Show the profitability of the project so that Stephanie can convince her father to purchase the truck by borrowing money.

  What would be the speed vcylinder at the bottom of the ramp

Both objects were released from the same position at the top of the ramp. If the speed vsphere of the solid sphere at the bottom of the ramp was 1.45 m/s, what would be the speed vcylinder at the bottom of the ramp?

Reviews

Write a Review

 

Similar Q& A

  Communications organization offers what

communications organization offers what describesuggestconsider that you work for a communications organization. what

  Leadership and management - whats the differencein this

leadership and management - whats the difference?in this solution learn about the differences between leadership and

  Green and sustainable practices effects of human activity

green and sustainable practices effects of human activity on environmentscientists disagree about the significance of

  Job analysis and job description1 search for an episode of

job analysis and job description1. search for an episode of undercover boss. imagine you are the ceo of the company in

  Limited resources and low nutrition trigger

In populations of animals, limited resources and low nutrition trigger pathways of response to the long-term stressors associated with overcrowding that result in low reproductive success. Do a little research on infertility in the United States. ..

  Information for an insurance brochure

This information for an insurance brochure needs to have the ideas grouped logically into an outline. Using the following information, prepare an outline, paying attention to the appropriate hierarchy of ideas. If necessary, rewrite the phrases to..

  Small jobs less profitable than they were in past

Assume that the price charged for small jobs does not change in the current year. Are small jobs less profitable than they were in the past?

  Considerations in establishing a confidence

This is the trust established between the two domains that enable users in one domain to be authenticated by the other domains controller. There exist several trusts like External, realm and shortcut. The trust that I will talk about is the extern..

  Define what a manger should do in each of the michigan case

Define what a manger should do in each of the Michigan cases and What circumstances might lead you to make different decisions in different cases under Megan's law?

  What step would the department take to overcome difficulties

What steps would the department take to overcome its difficulties

  Describing the issues that fall under that area

Create a SWOT analysis for Intel. Your analysis should bebetween one to two pages, and identify the company's strengths, weaknesses, opportunities, and threats. Use MicrosoftWord and create four sections for your paper using the SWOT categories as yo..

  A tech company that does consumer electronics

I am Abe Gong. I work at a tech company that does consumer electronics. I am a data scientist. So, I combine software engineering with statistics and math to build better product and make better decisions internally. There are three classic measures ..

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