Net_Worth_Problem

Net_Worth_Problem - Income Salary $ 30,000.00 $ 35,000.00 $...

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Net Worth Problem Compute the income from unknown sources for years two and three from the  following data: Please show your work. Year One Year Two Year Three Assets: Residence  $  50,000.00   $  50,000.00   $  200,000.00  Stocks and Bonds  $  10,000.00   $  10,000.00   $    10,000.00  Automobiles  $  15,000.00   $  15,000.00   $    40,000.00  Cash  $    5,000.00   $    8,000.00   $    20,000.00  Liabilities: Mortgage Balance  $  40,000.00   $  30,000.00   $                   -  Auto Loan  $    8,000.00   $    5,000.00   $                   -  Student Loans  $  10,000.00   $    8,000.00   $                   - 
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Unformatted text preview: Income: Salary $ 30,000.00 $ 35,000.00 $ 40,000.00 Other $ - $ 1,000.00 $ 1,000.00 Expenses: Mortgage Payments $ 5,000.00 $ 5,000.00 $ - Car Payments $ 1,000.00 $ 5,000.00 $ 2,500.00 Student Loan Payments $ 1,000.00 $ 1,000.00 $ 500.00 Other living expenses $ 15,000.00 $ 15,000.00 $ 20,000.00 Total Living Expenses $ 22,000.00 $ 26,000.00 $ 23,000.00...
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This note was uploaded on 03/03/2010 for the course UNKNOWN 4418 taught by Professor Ryan,d during the Winter '10 term at UCLA.

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