Developing Expert Voices

Question 1 : Personal Finance

Debt. Equity Ratio = Total Liabilities - Mortgage / Networth

Lebron is married with two childen. He wants to borrow money to make a major purchase.
His financial advisor prepares a net worth statement for his family with the following.
Lebron and his family live in an $80,000 home on which there is an outstanding mortgage of $52,000.00. He owns a car valued at $20,000.00 and owes 12,000.00 on a 2-year loan he took to buy the car. He has $5000 and a short term personal loan for $2500.00. The family has $1500.00 in a chequing account and another $3000.00 in a savings account. He owns a boat worth $5000.00


Question 2 :

Timeline

May 24: Rough Copy for Questions & Solve Questions
May 25: Create visuals for project
May 26 - 31: Put together all visuals on computer
June 1 - 6: Complete Project
June 7: Hand in Project

Developing Expert Voices

#1 Matricies

Given these matricies:

1. For each operation listed below, state if it is possible to perform the operation or not.

(a) A + C (b) B + C
(c) 2.2A (d) 2A - 3C
(e) AB (f) BC

2. Perform each of the following operations.

(a) C + 2B


(b) 3A


(c) CA



#2 Personal Finance

Camilla wants to drive a small economy car priced at $19 800 before taxes. PST is 7% and GST is 5%. She has $3 500 to use as a down payment for buying. If she buys the car, she will get a 4 year loan at 8.5% to pay for it. What is the total cost of buying the car?



Time Line:

May 23/24 - I will have my first problem done.
May 25-29 - I will work on my next two problems.
May 30/31 - I will have all 4 problems finished and looked over.
June 1 - I will start my reflection.
June 6 - I'll have my presentation published.