Creat a cash flow diagram and a balance sheet for each of the 5 years First 5 Years: Amount Interest Rate (%) Minimum Payment/mo 6.45 566.47 Student Loan Debt 50000 Credit Card Debt 5000 19 4% 0 0 Starting Salary 3000 /mo Monthly Housing 1061.03 /mo Costs(Heat, lights, water) Monthly Food Costs 400/mo Monthly 150 /mo Entertainment Budget 0 1.5 /mo High Interest Savings Account 350.88 /mo (% of 526.32 remaining after all budgets subtracted) 175.44/mo (1/3 of 526.32 remaining after all budgets subtracted) Retirement Saving 3.45 /annum Amount Second 5 Years: Amounts Carried Forward From Previous Timeframe Interest Rate (%) Minimum Payment/mo 25000 6.45 566.47 Student Loan Debt Credit Card N/A (All payed Debt off in the first 5 years) Starting Salary 3500 /mo Monthly 650/mo Housing Costs(Heat lights, water) Monthly Food 250/mo 0 Costs Monthly 125/mo Creat a cash flow diagram and a balance sheet for each of the 5 years First 5 Years: Amount Interest Rate (%) Minimum Payment/mo 6.45 566.47 Student Loan Debt 50000 Credit Card Debt 5000 19 4% 0 0 Starting Salary 3000 /mo Monthly Housing 1061.03 /mo Costs(Heat, lights, water) Monthly Food Costs 400/mo Monthly 150 /mo Entertainment Budget 0 1.5 /mo High Interest Savings Account 350.88 /mo (% of 526.32 remaining after all budgets subtracted) 175.44/mo (1/3 of 526.32 remaining after all budgets subtracted) Retirement Saving 3.45 /annum Amount Second 5 Years: Amounts Carried Forward From Previous Timeframe Interest Rate (%) Minimum Payment/mo 25000 6.45 566.47 Student Loan Debt Credit Card N/A (All payed Debt off in the first 5 years) Starting Salary 3500 /mo Monthly 650/mo Housing Costs(Heat lights, water) Monthly Food 250/mo 0 Costs Monthly 125/mo