3. Now imagine Carlos gets his father to co-sign for him, and he is able to get a lower interest rate of only six percent. He still wants a monthly car payment of \( \$ 350 \), and he wants a 36 -month loan. He has \( \$ 500 \) for a down payment, and his trade-in is worth \( \$ 800 \). The tax rate is seven percent. What is his vehicle price budget now? How much will he save in interest because of the lower interest rate? Vehicle Price: Interest Paid: Total Spent:

"In addition, she said banks operating in Africa need to have a more end-to-end approach to risk management, considering bankability at all stages." As a followe up to Question 1 above and in addition to the solutions recommended in the anticle, recornmend how Southern African financial institutions can improve their risk management strategy.

personal finances one uses a budget to know what monies is entering and monies that are being invested ion that is needed to be tracked and/or documented can be put into Excel to give the creator and their com inamces handled for operations. The arrangement of the columns and rows are places that information is pl on easier to read and even calculate. I do not think I ever used colors for the cells before. I have used borde tention to specific areas of a budget. Some of the expenses to be included on a budget created through Exce age, groceries, and monthly expensives. It is a great idea to prioritize and list in the columns according to ho are and how soon they may be due. Some of the functions used that I think are very helpful are the charts a hey give a better visual display for where the resources are going. This helps the person or company to make

I would arrange what I said earlier, I would purchase a budgetting book and every paycheck I would put to the side until I re need to open that budgetting book. I would use green for food, i would use red for shopping. I would use pink for rent and I would orange for other neccessitie that I would want to have. The most expenses I would use would probably be food and rent because those are the most important.

"In addition, she said banks operating in Africa need to have a more end-to-end approach to risk management, considering bankability at all stages." As a follow up to Question 1 above and in addition to the solutions recommended in the article, recommend how Southern African financial institutions can improve their risk management strategy.

Phil is shopping for an annuity that guarantees he CANNOT outlive the benefits. Which of these benefit options would he choose?Accelerated lifetime benefitGuaranteed lifetime withdrawal benefitRight of income riderGuaranteed minimum accumulation benefit