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Provided they do not add to the card balance and only make the required minimum payments to the card it would take them almost 20 years to pay off the card and they would have incurred almost $8,000 in interest paid. A payment schedule is included in Appendix II reflecting the minimum payment arrangement. As you can see by month 204 minimum payments become a constant $10.00 and even so it still takes another 43 months to pay off the entire amount. This is of course an unacceptable payment plan for many reasons, mostly the interest involved is excessive and would obviously not be the best choice in paying off such a high interest card. Since this is the most substantial of the debt considered effort should be given to paying this off first.
As regards retirement and preparing to maintain a pretax income of $54,000 for 15 yrs (age 65-80). Based on their current salaries tied to 3% increases over time the couple would receive an annual income of $33,000 from social security benefits leaving a shortfall...
Over 15 years this amount to $315,000. But taking into account a constant rate of inflation at 4% the actual dollars needed would be $1,344,448. Over 35 years they would need to save at least 10% of their monthly income or $450 per month until age 65 with a guaranteed interest rate of 8%. These figures assume that they are investing into a qualified non-taxable IRA or 401K plan and do not include any employer contributions.
Suggestions for initial plans:
First 12 Months:
Following:
The first phase of the pan would be dedicated to buying the new home using the twelve months to accumulate the down payment and pay for the closing costs. In this phase the credit card payment remains the same to keep cash flow going. Once competed the next phase can go into operation and as you can see the mortgage replaces and reduces the rent, the credit card payments are doubled which will have the debt paid of in under twenty months with…
The subjects were adolescents 14-18 years old. They were recruited from schools and health clinics. The subjects completed an in-depth survey and interview at baseline and again 6 months later. The subsequent analyses were limited to adolescents with steady partners who reported sexual activity between the baseline and 6-month follow-up assessment periods (N = 179). At baseline, five-scale measures and a single-item measure were used to assess predictive constructs,
Employment for life and other inefficiencies valued by the Japanese public were becoming threatened. This had the effect of shocking consumer confidence, but the corporate world became stuck, knowing that the systems would need to be changed but seemingly unwilling to make those changes. The banking system would need to be purged of its bad debts. That the economic crisis in Japan lasted so long was a result of
Charlotte Perkins Gilman's "The Yellow Wallpaper" to F. Scott Fitzgerald's "Winter Dreams" writing styles; James Baldwin's "Sonny's Blues" compare to my own life. Modernism vs. postmodernism Over the course of the late 19th and early 20th century, American literature began to turn inward. Instead of looking to outer manifestations of the human character, American authors began to use interior monologues as a way of creating a narrative arc. Stories such as
That is why I became Treasurer of the Wives Club, out of gratefulness for this extended family. I know many people of my generation struggle to find 'who they are' but the structure of the military offers a potent and compelling answer to that question. To serve means always to be at home amongst people who understand exactly what you are going through: "Home is the place where, when
Catholic church and public policy have remarked that the members of American clergy in general, without even excepting those who do not admit religious liberty, are all in favour of civil freedom; but they do not support any particular political system. They keep aloof from parties, and from public affairs. In the United States religion exercises but little influence upon laws, and upon the details of public opinion; but it
Christianity in the Modern World Modern Christians looking back into history may find it hard to comprehend the various atrocities that have been committed in the name of Christianity. While religion has consistently been an excuse for one group to claim superiority over another, nowhere was this more apparent than when the Puritans came to America. While the lens of time reveals the Puritan actions against the native population to