Questions from Financial Algebra

Q: Kalani has these monthly liabilities: rent $879, car payment

Kalani has these monthly liabilities: rent $879, car payment $315, credit card payment $102. She has an annual income of $96,448. What is her debt-to income ratio, expressed as a percent?

Q: What is the debt-to-income ratio for a person

What is the debt-to-income ratio for a person who has monthly liabilities equal to x dollars and an annual income equal to y dollars?

Q: Damon and Kisha have each set up three savings accounts: “

Damon and Kisha have each set up three savings accounts: “Vacation Savings,” “Student Loan Savings,” and “Taxe...

Q: An energy-efficient refrigerator costs $1,600. It

An energy-efficient refrigerator costs $1,600. It has an expected annual electricity cost of $100. a. Set up an expense function A(x) to represent the cost of owning and operating this refrigerator o...

Q: Esteban’s employer offers a pension plan that calculates the annual pension as

Esteban’s employer offers a pension plan that calculates the annual pension as the product of the final average salary, the number of years of service, and a 2% multiplier. His employer uses a graded...

Q: A company is interested in producing and selling a new device called

A company is interested in producing and selling a new device called an eyePOD (eyewear personal optical device). The eyePOD is an MP3 and video player built into a pair of sunglasses. The user can li...

Q: A company is interested in producing and selling a new device called

A company is interested in producing and selling a new device called an eyePOD (eyewear personal optical device). The eyePOD is an MP3 and video player built into a pair of sunglasses. The user can li...

Q: Greenyard’s manufactures and sells yard furniture made out of recycled materials.

Greenyard’s manufactures and sells yard furniture made out of recycled materials. The company is considering making a lawn chair from recycled aluminum and fabric. The expense and revenue functions ar...

Q: Winnie purchased a new car for $54,000. She

Winnie purchased a new car for $54,000. She has determined that it straight line depreciates to zero over 10 years. When she purchased the car, she made an $8,000 down payment and financed the rest wi...

Q: A company is interested in producing and selling a new device called

A company is interested in producing and selling a new device called an eyePOD (eyewear personal optical device). The eyePOD is an MP3 and video player built into a pair of sunglasses. The user can li...