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74 PART 1 every month. Sheldon earns 5% on his short-terrn investments while paying prime plus2% iprimes 9%) on the mortgage. The cash inflows and
74 PART 1 every month. Sheldon earns 5% on his short-terrn investments while paying prime plus2% iprimes 9%) on the mortgage. The cash inflows and outflows for the month of March are as follows: Personal Finance Pzobiem P1-3 Cash Blows Sheldon Smith spends many hours monitoring his personal cash flows Cash outflow Salary Groceries bill Gas bill Ukility bills 310 a. Determine Sheldon's total cash inflows and cash outlows for the month of March. h. What is Sheldon's net cash flow for the month of March? Explain the meaning of the term net cash flow." hat advice would you give Sheldon if there is a surplus of funds? c. W d. What advice would you give Sheldon if there is a shortage of funds
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