Maria and John have been married for 2 years and just learned that they are pregnant. 1. They have been renting a small apartment but decide to purchase a house. They find one that is selling for $375,000. They decide to make a 20% down payment They are considering 2 financing options: Option 1: a 3.4% interest 30-year mortgage: Option 2: a 2.9% interest 15-year mortgage: Answer the following questions showing all your work to reach each answer. A. Which option will result in a lower monthly payment if they take the full term of the mortgage? B. Which option will result in the most total interest if they take the full term of the mortgage? Answer the questions showing all your work to reach each

You and your new australian bride matilda, are applying for a loan and are required to submit a balance sheet with your net worth. you own a 2008 toyota camry that you bought last month for $9,995. the kelly blue book value for this car is $13,995. you owe $8,150 on the car loan for the camry. you pay off your visa credit card every month and have not paid any credit card interest this year. the current visa credit card balance is $3,522, and the next statement is due in 15 days. you have a student loan balance of $6,500. you presently have $425 in your checking account and $1,540 in your savings account. you own 100 shares of ibm stock that you purchased for $85.50 per share. one share of ibm is now selling for $158.42. you own computers and other electronics that you purchased for $4,100 but could probably sell today on e-bay for $1,800. your gross income is $80,000 per year. what is your current net worth? (see wb ch. 2 example 2.3)

Interest is credited to a fixed annuity no lower than the variable contract rate contract guaranteed rate current rate of inflation prime rate

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?