As a newly-minted MBA embarking on a career in investment banking, you must own a

new car immediately. The car costs $28,320. You also have to spend $3,248 on new suits

for work. Your salary this year is $42,000, and next year it will be $46,000. Your routine

living expenses this year will be $34,000. You plan to make up the difference between

current income and current consumption by borrowing; the interest rate for the loan is

14% and you intend to repay the loan, plus interest in one year. How much will you have

left to spend next year?