Questions from Personal Finance

Q: Julia has been thinking about the purchase of a boat. As

Julia has been thinking about the purchase of a boat. As a teenager, she was an avid water skier at her parents’ summer home. Now that she has moved away, she wants to renew her hobby at a lake nearby...

Q: Jacob Marchese of Vancouver, Washington, is the credit manager for

Jacob Marchese of Vancouver, Washington, is the credit manager for a regional chain of department stores. He has been asked to join a panel of community members and make a ten-minute speech to graduat...

Q: Julia has recently undergone a severe career crisis. After nearly ten

Julia has recently undergone a severe career crisis. After nearly ten years as a professional engineer, her position was phased out by her company due to a loss of government contracts, and she has be...

Q: Megan Berry, a freshman horticulture major at the University of Minnesota

Megan Berry, a freshman horticulture major at the University of Minnesota, has some financial questions for the next three years of school and beyond. Answers to these questions can be obtained by usi...

Q: Using the present and future value tables in Appendix A, the

Using the present and future value tables in Appendix A, the appropriate calculations on the Garman/Forgue companion website, or a financial calculator, calculate the following: (a) The amount a perso...

Q: Using the Rule of 72, calculate how quickly $1,

Using the Rule of 72, calculate how quickly $1,000 will double to $2,000 at interest rates of 2 percent, 4 percent, 6 percent, 8 percent, and 10 percent.

Q: Tyler Winkle’s employer in Pittsburgh makes a matching contribution of $2

Tyler Winkle’s employer in Pittsburgh makes a matching contribution of $2,000 a year to his 401(k) retirement account at work. If the dollar amount of the employer’s contribution increases 4 percent a...

Q: Review the financial statements of Victor and Maria Hernandez (Table 3

Review the financial statements of Victor and Maria Hernandez (Table 3-2 and Table 3-3) and the financial ratios on page 87 and respond to the following questions: (a) How would you interpret their i...

Q: Survey two relatives or friends and ask about their decision-making

Survey two relatives or friends and ask about their decision-making process when they most recently bought a vehicle. Find out if they thought about the opportunity costs when making the purchase. Als...

Q: Cody Sebastian, of Lubbock, Texas, earns $60,

Cody Sebastian, of Lubbock, Texas, earns $60,000 a year. He pays 30 percent of his gross income in federal, state, and local taxes. He has fixed expenses in addition to taxes of $1,800 per month and v...