Reference no: EM13989942
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?
Discuss reason and contributing factors that led to crusades
: Provide a general overview of one or more of the crusades. Discuss the reasons and contributing factors that led to the Crusades, and discuss some of the positive and negative consequences of the crusades
|
Informed consent in medical research and treatment
: In a medical context, we are very concerned about informed consent in medical research and treatment, with the goal of consent being a choice freed as much as possible from coercive forces. In light of the above discussion, is it possible to get c..
|
What risk is involved in the creation of new innovation
: How would you recognize potential risk involved with innovation and what would you do to minimize it?
|
What media and communication studies teach us about topic
: Using course readings and additional outside research, groups explore these three questions: How have Media and Communication Studies scholars taken up your topic? What does Media and Communication Studies teach us about your topic
|
Problem regarding the 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..
|
Explain two economic and market forces
: Recommend a cash management strategy for the company that will minimize the financing cost and increase the cash flows for the company.
|
Correation and causal-comparative
: The article "How family background influences student achievement" by Anna J. Egalite. After you have read it, you need to create two studies, one correlation and the other causal-comparative. You don't have to go into great detail, just the basic..
|
Purchase of a set of consul bonds paying a total
: You are considering the purchase of a set of consul bonds paying a total of $20,000 per year. If your required rate of return to make the purchase is 7%, how much will you be willing to pay?
|
Develop an electrical maintenance program for hotel complex
: Develop an effective electrical maintenance program for a hotel complex comprised of a main hotel with 764 rooms, 12 two bedroom cottages, spa, swimming pool, three restaurants and sports bar lounge.
|