Kimberly Young has a personal auto policy with coverage limi…
Kimberly Young has a personal auto policy with coverage limits of 20/40/15. Kimberly has collision coverage with a $250 deductible. She runs a red light and causes an auto accident involving three other cars in which three people are injured. Each of them sues her for $21,400 in personal injury and $5,000 for vehicle damage (there is no injury to Kimberly or damage to her car). How much will Kimberly have to pay out of pocket, and how much will her insurer pay?
Read DetailsSally Mander, age [age], is married and has 2 children. She…
Sally Mander, age [age], is married and has 2 children. She plans to retire at [retire]. She makes $[inc],000 per year. Assume she spends $[tax],000 on taxes, $[ins],000 on life and health insurance and $[self],000 on self-maintenance. Use a [rate]% discount rate and compute Sally’s human life value. Round your final answer to the nearest dollar.
Read DetailsRosa graduated at the top of her high school class, and has…
Rosa graduated at the top of her high school class, and has set the following goal as part of her financial plan: “graduate from college with a B.S. in Business Management.” Which aspect of the SMART goal model is missing from her goal?
Read DetailsErikka estimates that her take-home pay for the coming year…
Erikka estimates that her take-home pay for the coming year will be $1420 per month. She expects total monthly expenses to be as follows: housing and utilities, $800; food, $200; auto, gas, and insurance, $220; credit card payment, $60; and other expenses $100. The balance on her credit card is $3000, and she currently pays 18 percent interest on this balance. Erikka would like to reduce her credit card debt. If she decides to budget all of her net monthly cash flow to this goal, how much extra money will she pay toward the credit card debt each month? Enter your answer as a dollar amount (no $ sign). Round to the nearest whole number.
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