Is Pres. Obama’s healthcare plan going to hurt middle class Americans more than help?
A family of four headed by a 45-year-old making $63,000 a year is in the middle of the middle class. But that family would pay $7,110 to buy its own health insurance under the plan from the committee chairman, Sen. Max Baucus, D-Mont.
The family would get a tax credit of $3,970 to help pay for a policy worth $11,080. But the balance due — $7,110 — is real money. Maybe it’s less than the rent, but it’s probably more than a car loan payment.
Kaiser’s calculator doesn’t take into account co-payments and deductibles that could add hundreds of dollars, even several thousand, to a family’s total medical expenses. A Congressional Budget Office analysis estimates total expenses could average 20 percent of income for some families by 2016.
Here is the entire AP article:
http://news.yahoo.com/s/ap/20091004/ap_on_go_co/us_health_care_affordability
Survey: How much are your mortgage payments?
I have seen mortgage calculators saying big loans are for small payments. How? I would like to know about 30 year fixed loans for homes between $100,000 and $300,000. How much is your loan and what is your monthly payment? Including insurance, taxes and pmi (if applicable)? Please say what city and state you are in. Thanks!! Extra advice appreciated.
Write a pseudocode for an automobile loan calculator in java?
provide an abstract of the amortization table from which the user can see the opening,monthly payment,amount of payment applied to principle and interest and closing balance…where principle=((d i a^n)/a^n -1)/12 where a=1 + i/12
Buying my first car from a dealership. . questions! HELP?
I’m planning on getting a loan from a dealership for my new car, since my old one is just.. well, its old. I don’t want to buy a cheap car with the 1k I have and end up with many problems. I don’t plan on fixing my old car either, it’s not worth the money or time I’d put into it. The most I can make on a down payment would be MAYBE $1,300. The LEAST $1,000. I already have that much saved, but I lost my job. (I’M NOT AN IDIOT, I KNOW I HAVE TO HAVE A JOB TO GET A CAR. I’M WORKING ON THAT) In the meantime, I have a few questions.
•Would $1,000 be enough for a down payment?
I’m only look to buy a car for around 5,000.
•Do they even offer payment plans on cars for 5,000? Is it higher?
I will pay the minimum amount, even if its 7k-10k. That’s fine with me.
What would my interest rate be?
••• PLEASE no calculator sites, they confuse me. Unless I don’t have to add a lot of extra information I dont HAVE.
I know that interest is a pain and I’ll be paying extra for the car, but right now you have to understand I don’t even HAVE a car to get to a new job – it broke down on me, which is part of the reason my job was lost. So that being said, I do NOT CARE about interest. 
I just need a car that I can make monthly payments on, and I know dealerships (well at least some) will work with you to get the loan for the car so you can pay it off, right?
If you need additional details I’ll be refreshing this often and I’ll add them as soon as I can, please let me know! Thank you SO MUCH if you can help :)
Would a bank qualify us for a home loan?
Thinking about buying a condo with my fiancé in Los Angeles…Do you think we will qualify and about how much?
His Score EX 750
Mine EX 710
No negatives
INCOME
Gross income combined is 51k
My fiancé makes another 4k a year but is not reported or taxed…I know this won’t help us.
EMPLOYMENT
I am done with school and I am currently working in the same field I studied. I have been working with my current employer for a year and 3 months. Prior to that I worked at another company in the same field for 1 year.
My fiancé has been at his employer for a year and 6 months. Before that he worked for a sporting goods store for 3 years.
DEBT
Together the only debt we have is a 239.00 monthly lease payment on my car.
No school loans.
We have plenty of Credit cards but all balances are very small and paid off every month if any.
I also contribute $100 a month to a IRA retirement account.
ASSETS
25000K in savings to spend on down payment AND closing cost.
My fiancé has a 2006 truck with 15k mileage –Paid off… (I don’t know if that counts)
I have been looking at those online mortgage calculators but I don’t know how true they are.
Let me know what you guys think… THANKS!
I am doing a program and It runs but it does not give me a tablet, what am I doing wrong?
I am doing a mortgage calculator, it is supposed to give a list of declining list of payment but it does not and I can not figure out why I did wrong. It runs gives the amount of the payment and it has headers but no list.
/**
*Week 2 Assignment- Diane Beck
* A proram written in Java (without graphical user interface) that will
* calculate and display the monthly payment amount to fully amortize
* a $200,000.00 loan over a 30 year term at 5.75% interest.
*
*
* Student: Diane Beck
*/
import java.util.Scanner;
import java.lang.Math;
import java.text.DecimalFormat;
import java.io.IOException;//imports code for handling of Enter key input
import java.io.BufferedReader;
import java.io.InputStreamReader;
class McBrideMortgageCalculator {
public static void main (String[] args) //start main() function
{
//declare variables
double monthlyPayment; //monthly payment
double principal; //loan principal
double interestRateYears; //annual interest rate (precentage)
double interestRateMonths; //monthly interest rate
int termYears; //length of loan in years
int termMonths; //length of loan in months
int linecount; //number of lines to be displayed
double balance; //displays current balance
double interestPaid; //displays the principle paid
double monthlyInterestPayment; //holds current interest payment
double monthlyPrincipalPayment; //holds current principle payment
//assign values
principal = 200000; //total loan amount
interestRateYears = 5.75; //APA (annual percentage rate)
interestRateMonths=(interestRateYears / 12) / 100; //monthly interest rate
termYears = 30; //length of loan in years
termMonths = (termYears*12); //length of loan in months
monthlyInterestPayment = 0; //set current interest payment = 0
monthlyPrincipalPayment = 0; //set current principal payment = 0
balance = principal; //set current balance – principal
linecount = 15; //display 15 lines of results
//formats number to display only two decimal places
java.text.DecimalFormat dec = new
java.text.DecimalFormat (”,###.00″);
//hard coded information to display basic loan information
System.out.println(”\n\n\t***Mortgage Calculator***\n\n” +
“\nLoan Amount: \t$” + dec.format(principal) +
“\nInterest Rate: \t” + interestRateYears +”%”+
“\nTerm (Years): \t” + termYears);
//calculate monthly mortgage payment
monthlyPayment = (principal * interestRateMonths)/(1 – Math.pow(1 + interestRateMonths, – termMonths));
/*
* J
* M = P *—————– <--------Formula to calculate
amortization
*
*
* M = Monthly Payment (monthlyPayment)
* P = Loan Principal (principal)
* I = Interest Rate (interestRateYears)
* L = Length (term) of loan, in years (termYears)
* J = Monthly Interest Rate (interestRateMonths)
* J = I/(12*100)
* N = Number of months of loan (termMonths)
* N = L*12
*/
{
//displays monthly mortgage payment resulting from above calculation
System.out.println("\n\nBased on the above criteria," +
"your monthly payment will be:" +
"$" + dec.format(monthlyPayment));
//formula (s) to calculate monthly interest and principal payments
monthlyInterestPayment = (balance * interestRateMonths);
monthlyPrincipalPayment = (monthlyPayment - monthlyInterestPayment);
//format column headers for results to be displayed
System.out.println("\n\n\nMonths\t\tPrincipal\tInterest\tBalance");
System.out.println("Remaining\tPayment\tInterest\tBalance");
System.out.println("-------\t-------\t-------\t-------");
//start while loop
while (termMonths >0);
//information to display
System.out.println(termMonths + “\t\t$” + dec.format (monthlyPrincipalPayment) +
dec.format (monthlyInterestPayment) + “\t\t$”+ dec.format (balance – monthlyPrincipalPayment));
//decrement months
termMonths =144;
//calculate interest and principal payments
monthlyInterestPayment = (balance + interestRateMonths);
monthlyPrincipalPayment = (monthlyPayment – monthlyInterestPayment);
balance = (balance – monthlyPrincipalPayment);
}
//these conditional statements cause the results to pause in (lineconut == 20)
{
linecount = 0;
}
try
{
Thread.sleep (3000); //pause to last three seconds
I now have my program working but it is giving me what looks like hundreds of rows. I give me data in the neg field, instead of stopping at the o balance mark. What is wrong with it now?
When Calculating with the affordable home calculator. . . ?
When i use the affordable home calculator, such as this one
http://cgi.money.cnn.com/tools/houseafford/houseafford.html
What do i count in monthly debt? Such credit cards, car, and other loans? or do i consider things like food, water/electric/gas/cable/phone….?
When using the calculator monthly debt makes a huge difference in the house price. My wife and i would have a combined income of around $100,000. Any idea how much we would get approved for?
Do you get more money for a VA or FHA loan?
Can you qualify for more money if you use a VA or FHA loan instead of a conventional loan? Will this usually come at a higher interest rate? I have tried the home affordability calculators but they do not take into consideration different kinds of loans.
my question is will I be approved for a higher amount with a VA or FHA loan vs a conventional loan?
For example, if I would normally be approved for 150,000, would my approval amount for a VA or FHA amount be significantly higher?
Can a graduate student be a dependent on his parents?
I want to pay 55% of the cost of attendance of my older son (who is 22 years old) who will start graduate school this year. He will take loans (possibly federal) for the remaining 45%. I WANT to claim his as dependent on me (different from what most people seem to want because all websites I found tried to help on how a student can claim independence and thus become eligible for more aid). This is why: My younger son will start undergrad college this year, and on FinAid’s Expected Family Contribution (EFC) calculator, the EFC for my younger son is about $55,000 if I show that my older son is independent but only half of that amount (~$27,500) if I show that my older son is still dependent on me.
Secondary benefits are that by claiming my older son as a dependent will also reduce my income tax (but that is not as big a deal for me) and my older son will have to take less loan and thus incur less interest/debt. I consulted IRS Publication 501 regarding dependents and by criteria and examples, he clearly qualifies as a dependent child if he is <24 years of age, full-time student, and I will will pay >50% of his expenses. Apparently the dependency requirements are the same for educational purposes also. However, according to FinAid’s dependency calculator, my older son CAN be considered independent (not surprising) because he will go to graduate school. The question is, does he HAVE to be considered independent BECAUSE he will go to graduate school? On FAFSA it only asks how many will be in college, without specifying graduate or not. Am I missing something?
Can you check these ans with a calculator?
I did these without a calculator.
1.The price of a carpet is reduced by 20% in the sales. It now costs $60. What was the pre-sale price?a.$75
2.A car costs $12 000 when bought new. It depreciates at an annual rate of 10%. Find the value at the end of the second year.a. $9720
4.In how many years do $250 invested at the rate of 8% per annum simple interest amount to $330?a.4yrs
5.In an exam li secured 372 marks. If she secured 62% marks, find the max marks?a.600
6.Expand (4x-1) (3x+5)-(2x-4)^2 (it’s squared)a.8x^2+33x-21
9.1/3(2/5-1/4)divided by 3/7a.7/60
10.(pq-5)(pq+5)p^2q^2-25
11.A student borrows $600 to buy a computer. Interest is added to the loan at the rate 5%per annum. How much dose he own after 2 yrs?a.$541.50
12.A joint of meat orginally weighs 4kg. After cooking the weight reduced to 3.4kg. Find the percentage cost.a.15%
14.What is the % saving on this sofa? sofa $1150 previs $2500.a.54%
MORE NXT!
*Please dnt write rude remarks! I’m not cheating.
3(2x-6)+(x+4)(x+4)
is it? x^2+14x-2
(2x+6)(3x+2)
is it? 6x^2+22x+12
(3x-1)^2-(x-2)^2
8x^2-2x-3
THEIR NOT ALL SAME! PLS CAN U CHECK THE ALGEBRA AND FRACTIONS TOO?