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FINA 200 - Personal Finance (Summer C 2026)
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John has overdraft protection which has a fee of $5 per use and a 21 percent interest charge, compounded daily. NSF fees at his bank are $35. This month John's unexpected car expense caused his account to become overdrawn by $1200 for 14 days until his pay cheque was deposited. What was the total expense for John in this circumstance?
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Which of the following individuals has the best debt-to-asset ratio?
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This ratio is calculated by dividing total liabilities by total assets.
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Last year John purchased a car for $45 000, a desktop computer for $4000, and a camera for $2500. At present, John has $1000 in credit card debt and a $1800 bank loan. With reasonable estimate of market values, John's car is worth $40 000, computer is worth $2000, and camera is worth $3000. What is John's net worth today?
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The current financial position of an individual or family is best presented with the use of a
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If you do not budget for unexpected expenses, you will likely experience
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This month Joshua has $2000 disposable income from his job and $100 interest income. His expenses are rent $1000, tenant's insurance $50, car insurance $200, smartphone $100, electricity and water $100, and gym membership $50. He has held in bonds and a car loan of $10 000. What is his net cash flow this month?
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A personal cash flow statement is
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Brody likes to think he is good at managing his expenses, but lately he has noticed that his credit card balance is growing, and he wonders why. Each month he receives $1,850 of disposable income from his job and makes $200 buying and selling computer parts. His rent is $1,200 and combined expenses for his car, groceries, utilities, clothing and incidentals total $1,300 a month. Which is true about Brody’s financial situation?
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If you could choose any of the following interest rates for your investment which would you choose to give you the highest return?
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