Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. Orlando expects to have a monthly cash flow of $ 3,000 after taxes. Additional has the following monthly expenses: Rent $ 750, student loan
1. Orlando expects to have a monthly cash flow of $ 3,000 after taxes. Additional has the following monthly expenses: Rent $ 750, student loan payment $ 200, utilities $ 150, food $ 300, recreation $ 600, vehicle expenses $ 200 and purchase of clothing $ 150. What is your "net cash flow" for the current month?
2. If Gustavo wants to have $ 25,000 in 5 years and can get an 8% interest, how much will he need to invest today?
3. How much money will you have if you invest $ 75 per month, for 36 months, compounded annually at 10%?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started