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Tyler and Brittany’s New Expenses

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Topic: Tyler and Brittany’s New Expenses Tyler and Brittany got married six months ago, and they both have good

jobs coming out of college. Tyler landed a marketing job with a communications company making a starting salary of $40,000 take-home pay per year. Brittany began her career as a first grade teacher’s aide for the local school district making $10.00 per hour after taxes for 30 hours a week. After their wedding, they each purchased new vehicles, complete with car loans. Tyler’s payments on his new truck are $488 per month, and Brittany is leasing her new compact car for nothing down and $239 per month for the next three years. They are also thinking about buying a new home with a monthly mortgage payment of $1,850. After figuring in monthly expenses, they realize that there isn’t much left over at the end of the month. If they continue their spending habits, predict what their financial state will be in two years from now. Should Tyler and Brittany make any changes to their budget? If so, what? If they didn’t purchase a home right now, how would their financial life look in two years? Are there other options that Tyler and Brittany have for transportation instead of making payments on two new vehicles? Post a 300-word thread in response to the topic questions.

 
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Dave Ramsey

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It seems that everywhere you look today, you are told that “You deserve better,” or “You earned it.” Hard

work and discipline have nearly gone the way of the dodo in our culture, leaving a generation of spoiled, lazy, and entitled people. Give this video by Dave Ramsey a watch and let us know what you think: https://www.youtube.com/watch?v=UpXnPEnhAzk&list=UU7eBNeDW1GQf2NJQ6G6gAxw Answer any or all of the following questions: Do you agree with Dave’s assessment of today’s culture of entitlement? What do you think has led to it being this way? Provide some possible solutions for the problem.

 
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Ethan is in his third year of college and has run out of savings to pay for school

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Ethan is in his third year of college and has run out of savings to pay for school. However, he is determined to

finish his degree and graduate. Tuition for his fourth year will amount to $9,000 not including his living expenses. If he keeps his GPA up this semester, he can maintain his academic scholarship for $3,000 and his federal grant for $2,000. This still leaves $4,000 for tuition plus his living expenses, and he only has four months to come up with the money. 1. If Ethan does now want to use student loans, how can he pay for the rest of school in time? 2. Does it make sense for Ethan to take a year off of school to raise the money? 3. Other than using the financial aid options offered to him, what are some creative ways he can make ends meet?

 
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cash flows

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The following are the cash flows of two

projects:

Years Project A Project B

0 -$ 350 -$ 350

1 180 250

2 180 250

3 180 250

4 180

What is the payback period of each project? (Round your answers to 1 decimal place.)

 Project Payback period

A ——Years

B ——Years

Here are the cash flows for a project under consideration:

C0  C1  C2 

−$7,090  +$4,940  +$18,480  

a. Calculate the project’s net present value for discount rates of 0, 50%, and 100%. (Round your answers to the nearest whole dollar.)

Discounted Rate Net present value

0%

50%

100%

b. What is the IRR of the project?  (Do not round intermediate calculations. Enter your answer as a whole percent.)

IRR %

 
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