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HELP NEEDED FILLING OUT COLUMN G You will graduate in the near future and will begin working. You negotiated the offer and will be making

HELP NEEDED FILLING OUT COLUMN G

You will graduate in the near future and will begin working. You negotiated the offer and will be making $40,000 per year. After taxes and deductions, you will bring home 70% of that $40,000 ($28,000) or 2,333 per month. This is what you will have to live on each month. Rent, utilities, food, etc. must come out of the $2,333.00 each month. These are living expenses.

But you also have debt. See the table below.

A

B

C

D

E

F

G

ITEM

PURPOSE

DEBT BALANCE

INTEREST RATE

MONTHLY PAYMENT

MONTHS TILL PAID OFF

TOTAL PAYMENTS & INTEREST

STUDENT LOAN

SCHOOL

$22,000

6.8

$253.00

120

CREDIT CARD

MISC.

$3000

18.9

$120

33

STORE

CARD

CLOTHES

$1500

12.9

$75

23

TOTAL

$26,500

$448

IN THE ABOVE TABLE, FILL IN TOTAL PAYMENTS & INTEREST FOR COLUMN G AND YOUR TOTALS FOR COLUMNS C, E AND G

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