Question
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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