Jim and Jackie are married with three children at home and a mortgage. Jim’s net pay per year is $67,000 and Jackie does not have income. Their mortgage payment of $2,800 includes insurance on their home. They have additional monthly expenses of $2,700. Jim contributes 15% of his earnings to a retirement fund and they have $5,000 in savings. There is a $500,000 life insurance policy on Jim and a $100,000 policy on Jackie.

As their financial advisor, what part of Jim and Jackie’s financial plan would you encourage them to work on?
a.
They should work on their plan for managing income.
b.
They should work on their plan for managing their liquidity.
c.
They should work on their plan for protecting their assets.
d.
They should work on their plan for protecting their income.

1. is 4 and 2. is 3

step-by-step explanation:

so if you look at the first one you see that 1 is to 4 and 2 is to 8 and so on, so you can see for every 1 there is a times 4 so if it were 3 then it would be 3*4 and it is 12

for number 2 it is 3 because 1 is to 3 and 2 is to 6 so for every 1 there is 3 so if it were 3 then there would be 3*3 = 9

answer: since the question is talking about growth you have to use the growth formula which is inital amount (1 + growth)^time

step-by-step explanation:

the intial amount is 1200, the growth is 4.8, and the time is 7. plug those numbers into the equation, also i think you have to change 4.8 into a percent. but, i have forgotton how to do that. if this is a online class go on to the lesson.

-6 is the correct option from the above given options

for certain loans like mortgage loans, lenders scrutinize your debt to income ratio when you are applying for credit because it them evaluate your ability to repay your debts.