1.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?

2. Use the compound interest formula to determine the accumulated balance after the stated period. $1000 invested at an APR of 7 % for 9 years. If interest is compounded annually, what is the amount of money after 9 years?

3.Find the savings plan balance after 15 months with an APR of 14 % and monthly payments of $250 . What is the balance?