Essay Your 21 -year old cousin is graduating from college and has already accepted her first full-time job offer. She will be earning \( \$ 3,000 \) per month. She already has an apartment, and her fixed expenses are \( \$ 1500 \) per month. She enjoys traveling, but doesn't have a lot of money to do so. She also has \( \$ 500 \) per month in student loan payments. She needs a car to get to work and knows she will have to finance it through an auto loan. She also wants to further build her credit history by applying for a credit card; she has been an authorized user on her parents credit card since high school. She calls and asks for your advice on both an auto loan and a credit card. Based on what your cousin wants to accomplish financially and her current financial obligations, would you advise her to apply for both types of credit? Why or why not? Complete responses should consider: At least 2 specific pleces of advice related to each type of credit: credit cards and auto loans. The advice should consider whether the type of credit is appropriate for a young adult like her

How much would you need to deposit in an account now in order to have \( \$ 3000 \) in the account in 15 years? Assume the account earns \( 5 \% \) interest compounded monthly.

Question 28 In which one of the following scenarios would the person be ineligible or disqualified from being the director of a company in terms of the companies act? A. Clark Wentzel, a rehabilitated insolvent individual, has been appointed as the Managing Director of Wing It Transport (Pty) Ltd. B. The shareholders of Avocado Cutlery (Pty) Ltd have decided to appoint Avocado Cutlery (Pty) Ltd as one of its own directors. C. Gus Jung was released from prison 20 years ago and has been appointed as a director of Free- Your-Mind (Pty) Ltd. D. Stephany Spielberg is 18 years of age and has opened her own registered private company, of which she is the director.

The original price of a tablet was \( \$ 550 \). During a sale, Melvin was given a 30\% discount for the tablet. How much did he pay for the tablet?

Find the final hourly wage if a \( \$ 9.00 \) starting wage is increased by \( 4.5 \% \) each year for 8 years.

You deposit \( \$ 500 \) each month into an account earning \( 6 \% \) interest compounded monthly. a) How much will you have in the account in 20 years? b) How much total money will you put into the account? c) How much total interest will you earn? \( \$ \)