Mathematics
Mathematics, 05.05.2020 06:02, shalynmincey

U
YOU"LL 11 PT PPO
Directions. Read the following scenario and answer the questions.
Cred and wilma have been married for 3 years. They have decided to have a child and expand their family, Fred
works a full time job while Wilma is employed only part time. Below is a list of their financial information:
Fred has a monthly net income of $4,000
Wilma has a monthly net income of $2,500
They are paying on their house and it is valued at $135,000. They currently owe $76,000 on the
mortgage.
They own two cars:
> Car A is valued at $18,000. They owe $9,000.
> Car B is valued at $5,200 and is paid off.
They have a furniture store installment loan, and the monthly payment is $145. They have 8 more
months before it is paid off.
They have 2 credit cards
Credit card A has a current balance of $1,450
> Credit card B has a current balance of $700
Fred has a student loan with a balance of $20,000 and his monthly payment is $190
Fred has a Retirement account balance of $21,000.
Their savings account balance is $1,400
Monthly expenses include:
→ Mortgage $500
Car payment $280
> Furniture $145
Credit card A $75
>> Credit card B ($40
Student loan $190
> Utilities $255
>> Cell phone $130
>> Groceries $320
Cable/Internet $100
> Auto insurance $110
>> Gas
$150

answer
Answers: 1

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U
YOU"LL 11 PT PPO
Directions. Read the following scenario and answer the questions.

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