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Author Question: Jakob received a $1,000 a year raise in January, sold stocks in March for $6,000 that were ... (Read 78 times)

notis

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Jakob received a $1,000 a year raise in January, sold stocks in March for $6,000 that were originally purchased for $4,000, and in July had a $100 monthly increase in mortgage payments on his adjustable rate mortgage. The increased mortgage payment started in July and was in effect for the remainder of the year. What was the total impact on Jakob's cash flow for the year?


◦ $1,000
◦ $5,400
◦ $6,400
◦ $7,600


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Marked as best answer by notis on Apr 12, 2019

Carliemb17

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notis

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Reply 2 on: Apr 12, 2019
Great answer, keep it coming :)


upturnedfurball

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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