Please help questions 6 , 7 and 8 50 points
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Answer:
70270
19.1
43070
Step-by-step explanation:
Six
It takes a bit to see what's going on. The liabilities are not added up correctly. If you add the 4 entries that are there you get 6270 as a total.
If his net worth is 64000 then the assets needed to overcome the liabilities is 64000 + 6270 = 70270 which is the last choice.
Seven
Mortgage Payment % = (Amount of Mortgage/Total) *100
Mortgage Payment % = (1200 / 6270) * 100
Mortgage Payment % = 19.1%
Eight
From Question seven we found out that his total assets are 70270.
The assets listed under assets total
9000
5200
13000
27200
So the CD = Total Assets - Listed Assets
CD = 70270 - 27200
CD = 43070