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

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 emergency fund ratio.  

Cindy invests $20,000 in a limited partnership today. At the…

Cindy invests $20,000 in a limited partnership today. At the end of years 1 and 5, she will receive the after-tax cash flows shown below. The partnership will be liquidated at the end of the fifth year. Cindy is in the 35% federal income bracket. Years Cash Flows (Cash flows are after-tax) 0 – $20,000 1 $0 2 $4,000 3 $6,000 4 $8,000 5 $10,000 The after-tax IRR on this investment is: