Question
The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow (it could be positive
The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow (it could be positive or negative). Assume salaries and wages are after taxes. When you need to convert between weeks and months, assume that
1 month equals 4 weeks
Income:
Part time job:700 a month
College fund from grandparents : 500 a month
Scholarship: 3600 a year
Expenses:
Rent = 400 a month
Food = $60 a week
Tuition and fees=3600 twice a year
Incidentals=$90 a week
What is the net monthly cash flow?
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