Their gross household income is 3800 per month. they, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics

Basic Economics

Business Economics

International Economics

Managerial Economics

Public Economics

Home >> Microeconomics

Hector and Maria Montez are trying to figure out their current financial health. They have listed the following items from their most recent statements. They will pay off their car loan in three years. Their gross household income is $3,800 per month. They receive $75 month in interest income from their investments.

Saving account: $1,200

Checking account: $800

Credit card balance: $1,000

Car loan balance: $12,000

Car market value: $8,000

Furniture market value: $2,000

Stock and bonds: $10,000

What is the Montez's current net worth?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M939967

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question why is it necessary to have an industry

Question: Why is it necessary to have an industry classification systems like NAICS? Would facing the need of learning a system as complex as NAICS discourage you for becoming part of the importing and exporting componen ...

Who is helped who is hurt by a living wage requirement what

Who is helped, who is hurt by a living wage requirement? What underlying data is used to justify a living wage requirement? What are the long run impacts of a living wage requirement?

Question in mid-2002 it was announced that one of the

Question: In mid-2002, it was announced that one of the leading bond funds managed by PIMCO now had more assets under management than the Fidelity Magellan Fund. Discuss the pros and cons of investors switching their ass ...

Question suppose that no amount of other goods can

Question: Suppose that no amount of other goods can compensate for a loss in health. How would the individual's indifference curves look? Is this a reasonable assumption in terms of what we actually see taking place? The ...

Question in march 2002 president george bush signed into

Question: In March 2002, President George Bush signed into law a tariff increase of up to 30% on certain steel imports. Obviously the steel companies were pleased, and fabricated metal producers were displeased. Now go b ...

Question identify and explain some of the challenges that

Question: Identify and explain some of the challenges that modernization theory faces When applied to Third World societies. What alternative theories have been promoted to explain the reasons for Third World poverty. Pl ...

Market equilibriumdemand qd 20 - 3psupply qs -8 2pdraw

Market equilibrium. Demand : QD = 20 - 3P Supply: QS = -8 +2P Draw the demand and supply curves on one graph and solve for the equilibrium price and quantity

Question what is the equivalent uniform annual amount at

Question: What is the equivalent uniform annual amount, at the end of years 3-7, of a uniform series of cash flows of 2,000 during years 2-9. the interest rate is 9% per year. The response must be typed, single spaced, m ...

Question calculate the equity each of these people has in

Question: Calculate the equity each of these people has in his or her home: a. Fred just bought a house for $200,000 by putting 10% as a down payment and borrowing the rest from the bank. b. Freda bought a house for $150 ...

Question what are the highest and lowest payments from the

Question: What are the highest and lowest payments from the writer that the beekeeper- farmer team will accept for the sixth day? Assuming that the farmer can dispose of $7 from the writer as she wishes, what range of pa ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As