Use the following data to answer the question: Pat and Mari…

Use the following data to answer the question: Pat and Marie have the following expenses and account balances: Pat’s annual 401(k) plan contribution: $16,500 Pat’s annual salary: $100,000 Current liabilities: $24,000 Housing costs (P&I&T&I) monthly: $2,167 Cash & Cash equivalents: $18,000 Monthly nondiscretionary cash flows: $6,000 Monthly debt payments other than housing $500 * Pat’s employer matches $1 for $1 up to 3% of Pat’s salary in his 401(k) plan. Based on the information above, calculate Pat and Marie’s housing ratio 1.  

The Keller’s determined that they can reduce their mortgage…

The Keller’s determined that they can reduce their mortgage interest rate from 10% to 4%. The value of homes in their neighborhood has been increasing at the rate of 5% annually. If the Keller’s were to refinance their house with $3,000 in closing costs added to the mortgage balance ($277,000) over a period of time which coincides with their chosen retirement age in 20 years, what would be the monthly payment for principal and interest?

Abe and Miriam would like to help fund the cost of their gra…

Abe and Miriam would like to help fund the cost of their grandchildren’s college expenses using a 529 plan.  They have a large estate and would like to begin gifting for estate planning purposes.  What is the maximum amount that Abe and Miriam can gift to each of their grandchildren this year if they haven’t used any of their lifetime exemption or without incurring a gift tax?

Consider the following set of population data and calculate…

Consider the following set of population data and calculate the standard deviation. {13, 13, 20, 17, 20, 16, 17, 13, 20, 19} Make sure to type in your answer rounded to 2 decimal places. So if you thought the answer was 65.4321 then you would type in 65.43