Dale and Cynthia borrow $30,000 from Cynthia’s father, Irving, for the down payment on their first house so they can avoid private mortgage insurance. Irving has asked that they pay back the $30,000 in four years and is only asking for 3% interest compounded monthly (to protect him from inflation). If Dale and Cynthia decide to pay Irving the same amount at the beginning of each month, how much would their monthly payment be? What is the total amount that Dale and Cynthia will pay Irving over the four years?

If you have financial dependents (e.g., children and/or stay-at-home spouse), do you need life insurance?

After this operation, what is the most you would have to pay for future covered medical expenses in the current year?

In order to maximize your credit score, when you no longer need a credit card (without an annual fee) you should:

True or false. Calculating your tax liability is easy! You always multiply the taxable income times one (and only one) tax rate and you’ll have the answer.

True or false. You can potentially improve your FICO credit score by paying off your credit cards several times a month (instead of just once a month).

According to the textbook, what should be your goal as a taxpayer?

What is the most ideal “amount owed” on credit cards in relation to the sum of your “credit limits” in order to maximize your FICO credit score?

True or false. The risk of disability is higher than the risk of premature death.

Which portion of auto insurance typically pays for rock chip repair on the windshield?