YASHARI earns $27,000 per year, is single, and lives in Wyoming. She has $7000 in Direct Subsidized loans and another $19,000 in Direct Unsubsidized loans. She is trying to save up an emergency fund of at least 6 months’ take-home pay, so she’s torn about how much she should devote to her student loans and how much to the emergency fund every month. 11. Which repayment plan do you think Yashari should select? Why?
ANSWER: Yashari should select the Income-Contingent Repayment (ICR) plan ($37,000)
EXPLANATION: Given that Yashari has $26,000 in loans total, she should select the Income-Contingent Repayment, because she is exhausted on how much money she should devote to her student loans and to the emergency funds. With a monthly payment maximum that is 20% of her permissive income and no eligibility/qualification for loan forgiveness, Yashari would have to pay atleast $140 every month, with $37,800 entirely.
YASHARI should consider a balanced approach by allocating a portion of her extra money to both student loan repayment and building the emergency fund simultaneously, ensuring financial security and debt management.
The choice should be made by YASHARI based on her risk tolerance and financial priorities. Student loan debt should be paid off first to lower total interest paid and achieve debt freedom sooner. It might, however, delay starting an emergency fund. On the other hand while simultaneously saving for an emergency fund offers financial security, it also lengthens the time it will take to repay the loan.
A balanced strategy involves dividing the extra funds between the two objectives. Setting up a small emergency fund at first can offer some protection while making additional loan payments. YASHARI can change how much of her income she devotes to loan repayment and emergency savings as her financial situation changes. A personalized plan that is in line with her long-term financial goals is created with the help of a financial advisor.
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PLEASE HELP!! 30 POINTS THIS TIME!! Which of these is an example of hardware?
A. word processing program
B. smartphone
C. malware
D. macOS
Repost :( PLEASE HELP!! 30 POINTS! Mr. Sanderson works for a chain of clothing stores. He gathers information so he can figure out the best way to organize the store to encourage sales of expensive items. What is Mr. Sanderson’s job title MOST likely to be?
A.
computer user support specialist
B.
operations research analyst
C.
database administrator
D.
computer network support specialist
Answer:
I think its B but i am not 100%