Question

A friend at work has lunch with you every day, Monday through Friday. This female friend...

A friend at work has lunch with you every day, Monday through Friday. This female friend has been dating a guy for about a year. They seem to be very much in love. He has been pushing for her to move in with him. Finally, he has bought her an engagement ring, and they hope to get married in a year . . . or two . . . or three. He has a lot of old debts he wants to get paid off from a bad spot in life he is still trying to get over. She is still trying to pay off her student loans from college. He is using two arguments that she doesn't have an answer for:

1) We are in love and we are now engaged and we are planning to get married anyway. Everybody is doing it nowadays anyway. Don't you know lots of people who live together first before they get married?

2) It makes sense financially. If we live together, we will be able to get married sooner. I can pay off my debts quicker and you can pay off your student loans quicker, because we will be sharing expenses of housing and utilities. He does not attend church anywhere, but he seems like a pretty nice guy. He is friendly and pretty stable. She goes to a local church every Sunday on a regular basis and was brought up by very devout parents. She asks you, "What do you think I should do?"

Business   Operations-Management   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

This question can have two dimensions one social and other financial.

As we know the entire world is running on the basis of financial tradeoffs and in fact, love relations are also a sort of tradeoffs in which financial stability and financial position of the persons being involved carries a lot of value.

As in this case, it is said that if both the individuals get married, they can save a lot of money in the form of sharing the expense of flat and daily utilities and products. This will facilitate a lot of financial support to both the individual which can enable to get rid of debt and education loan.

Looking at this trade-off of being married, the proposal looks quite attractive as it will ensure that both the individual will be better off in marrying each other. This decision will be further supported as both are in love with each other and they like each other’s company.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Your friend Judy has gone to work for the CDC. Every day you call her at...
Your friend Judy has gone to work for the CDC. Every day you call her at 3:30 PM and get an early forecast of what the new coronavirus numbers (which are released at 7) are expected to be. If you can make abnormal trading returns based on the information that Judy gives you, does this violate market efficiency?
You are having lunch with a friend in early fall. Your work has recently announced that...
You are having lunch with a friend in early fall. Your work has recently announced that the annual flu shot clinic will be happening that afternoon, and you mention that you are planning to go. Your friend says she got the shot a couple years ago so should be good to go. Given your recent study of viruses and vaccines, you tell your friend the following (include in your answer an overview of both why she should get the vaccine...
Your friend Judy has gone to work for the CDZ. Every day you call her at...
Your friend Judy has gone to work for the CDZ. Every day you call her at 2:30 PM and get an early forecast of what the new coronavirus numbers (which are released at 6) are expected to be. If you can make abnormal trading returns based on the information that Judy gives you, does this violate market efficiency? Yes, this violates weak efficiency. Yes, this violates semi-strong efficiency. Yes, this violates strong efficiency. No, this does not violate market efficiency.
John asks his friend, Paul, to borrow some money to make it to payday. Paul would...
John asks his friend, Paul, to borrow some money to make it to payday. Paul would like to help John, but John is known for not paying his debts. At the same time Paul is making his decision, John is deciding whether to buy lottery tickets. He really likes the lottery. If he buys them, he will not be able to pay Paul back. If Paul decides not to loan John the money, Paul gets 0. If John then buys...
Option #1: Time Value of Money Personal Finance Application Your friend Sue has asked you to...
Option #1: Time Value of Money Personal Finance Application Your friend Sue has asked you to help her out as she is developing her financial plan. Help her come up with a plan for her finances and how she can set herself up for financial success! She has an after tax income of $48,000 and budgets $30,000 for necessary expenses. This leaves $18,000 to spend on debt and savings annually. (Assume all annuity payments are in the form of ordinary...
36. When John comes home from work one evening, he finds that the leaves in his...
36. When John comes home from work one evening, he finds that the leaves in his front yard have been raked and put in bags. Later, a man comes to collect for the yard work done. John refuses to pay for the work since he has never seen the man before and did not hire him to do his yard work. Which of the following answers is most accurate? a. This is an implied, unilateral contract and John must pay...
You decide to lend your sister, who has never defaulted on a loan (ie. ρd=0), $1000...
You decide to lend your sister, who has never defaulted on a loan (ie. ρd=0), $1000 for one year. At the end of the year she agrees to pay you $1040. a)What is the nominal interest rate you and your sister agreed upon? b)Suppose you expected the inflation rate, πe, to be 3%. What was the realrate of interest that you expectto receive? c)However, at the end of the year,you realized that the inflation rate was actually 5%. What is...
You have developed a great work relationship and social relationship with Linda. You go out to...
You have developed a great work relationship and social relationship with Linda. You go out to dinner together after work and enjoy the social interactions outside of work. You consider Linda to be your mentor. She has shared with you in confidence that she is going through a divorce and has experienced recent back problems. Because of the social interactions, you feel you know Linda fairly well. Overtime, you notice some changes with her at work. She has called off...
1. Monica has decided that she wants to build enough retirement wealth that, if invested at...
1. Monica has decided that she wants to build enough retirement wealth that, if invested at 7 percent per year, will provide her with $3,000 monthly income for 30 years. To date, she has saved nothing, but she still has 20 years until she retires. How much money does she need to contribute per month to reach her goal? 2.Hank purchased a $20,000 car two years ago using an 8 percent, 5-year loan. He has decided that he would sell...
Consider the following letter and answer Shady’s question. To my friendly student tax preparer: Hello, my...
Consider the following letter and answer Shady’s question. To my friendly student tax preparer: Hello, my name is Shady Slim. I understand you are going to help me figure out my gross income for the year . . . whatever that means. It’s been a busy year and I’m a busy man, so let me give you the lowdown on my life and you can do your thing. I was unemployed at the beginning of the year and got $2,000...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT