help please asap. i will thumbs up ! :)
Problem 1: (15 points) Congratulations you are a new parent to a lovely four-legged furr baby AKA cat, dog, ferret, fox, etc. Getting this beloved little creature is a blast but your parents, who told you not to, are pretty upset you did it anyways. So, using the awesome skills you have learned in Engineering Economy you create a cash flow diagram to show how much money you expect to spend on this sweet little cuddle bug for the next 2 years while you are still in college, You plan to open a credit card to cover any expenses. The card has the first 6 months interest free and then incurs a 28% interest compounded monthly on any balance left at the end of the onth. He is a list of the expected expenses Tniua vet visit and shots today, Jan 1st) - $50 Food per month (starting at the end of this month) - $100 per month Boarding expenses per year expected in June for your family vacation) - $500 per year Emergency annual vet visit savings, this is not on the credit card (today) - $100 per year Regular bi-annual vet visit and shots. Since you did the first initial visit today you only need one of these in the first year. (June(yri), Jan. & June (yr2)) - $140 each . (a) Draw a cash flow diagram showing the expenses over the next 2 years. (5 points) (b) Oh no you have had sweet baby angel face for 7 months (it is the end of July) and like all babies they have gotten into some trouble! They escaped their crate and destroyed several things in your apartment and has eaten a whole bag of Oreo's, which are really bad for most pets. This disaster comes at a cost. You immediately take baby (Tasmanian devil) to the emergency vet to be checked out and have their stomach pumped, this costs $400. The damage to the apartment is $350. You just finished paying off the credit card that had no interest for the first 6 months at the end of June. But you have to now put these expenses (plus any regular expenses) on the card in July (month 7). At the end of . you are still in college You plan to open a credit card to cover any expenses. The card has the first 6 months interest free and then incurs a 25% interest compounded monthly on any balance left at the end of the month. Here is a list of the expected expenses: Initial vet visit and shots (today, Jan 1st) - $50 Food per month (starting at the end of this month) - $100 per month Boarding expenses per year (expected in June for your family vacation) - $300 per year Emergency annual vet visit savings, this is not on the credit card (today) - $100 per year Regular bi-annual vet visit and shots. Since you did the first initial visit today you only need one of these in the first year. (June yr), Jan & June (yr2)) - $140 each . (a) Draw a cash flow diagram showing the expenses over the next 2 years. (5 points) (b) Oh no you have had sweet baby angel face for 7 months (it is the end of July) and like all babies they have gotten into some trouble! They escaped their crate and destroyed several things in your apartment and has eaten a whole bag of Oreo's, which are really bad for most pets. This disaster comes at a cost You immediately take baby Tasmanian der the emergency vet to be checked out and have their stomach pumped, this costs $400. The damage to the apartment is $350. You just finished paying off the credit card that had no interest for the first 6 months at the end of June. But you have to now put these expenses (plus any regular expenses) on the card in July (month 7). At the end of the month, you cannot afford to pay off anything except the minimum payment of sos and will carry the balance over plus interest). Interest is applied before you make the S80 payment at the end of the month. You find yourself in a bind and do this for the rest of the year (August - December). What is the balance of the card at the end of your first year with your sweet new addition? (Hint: try making a table of your expenses each month and calculate the total owed on the card that transfers to the next month after payment and after interest is added). (10 points Problem 1: (15 points) Congratulations you are a new parent to a lovely four-legged furr baby AKA cat, dog, ferret, fox, etc. Getting this beloved little creature is a blast but your parents, who told you not to, are pretty upset you did it anyways. So, using the awesome skills you have learned in Engineering Economy you create a cash flow diagram to show how much money you expect to spend on this sweet little cuddle bug for the next 2 years while you are still in college, You plan to open a credit card to cover any expenses. The card has the first 6 months interest free and then incurs a 28% interest compounded monthly on any balance left at the end of the onth. He is a list of the expected expenses Tniua vet visit and shots today, Jan 1st) - $50 Food per month (starting at the end of this month) - $100 per month Boarding expenses per year expected in June for your family vacation) - $500 per year Emergency annual vet visit savings, this is not on the credit card (today) - $100 per year Regular bi-annual vet visit and shots. Since you did the first initial visit today you only need one of these in the first year. (June(yri), Jan. & June (yr2)) - $140 each . (a) Draw a cash flow diagram showing the expenses over the next 2 years. (5 points) (b) Oh no you have had sweet baby angel face for 7 months (it is the end of July) and like all babies they have gotten into some trouble! They escaped their crate and destroyed several things in your apartment and has eaten a whole bag of Oreo's, which are really bad for most pets. This disaster comes at a cost. You immediately take baby (Tasmanian devil) to the emergency vet to be checked out and have their stomach pumped, this costs $400. The damage to the apartment is $350. You just finished paying off the credit card that had no interest for the first 6 months at the end of June. But you have to now put these expenses (plus any regular expenses) on the card in July (month 7). At the end of . you are still in college You plan to open a credit card to cover any expenses. The card has the first 6 months interest free and then incurs a 25% interest compounded monthly on any balance left at the end of the month. Here is a list of the expected expenses: Initial vet visit and shots (today, Jan 1st) - $50 Food per month (starting at the end of this month) - $100 per month Boarding expenses per year (expected in June for your family vacation) - $300 per year Emergency annual vet visit savings, this is not on the credit card (today) - $100 per year Regular bi-annual vet visit and shots. Since you did the first initial visit today you only need one of these in the first year. (June yr), Jan & June (yr2)) - $140 each . (a) Draw a cash flow diagram showing the expenses over the next 2 years. (5 points) (b) Oh no you have had sweet baby angel face for 7 months (it is the end of July) and like all babies they have gotten into some trouble! They escaped their crate and destroyed several things in your apartment and has eaten a whole bag of Oreo's, which are really bad for most pets. This disaster comes at a cost You immediately take baby Tasmanian der the emergency vet to be checked out and have their stomach pumped, this costs $400. The damage to the apartment is $350. You just finished paying off the credit card that had no interest for the first 6 months at the end of June. But you have to now put these expenses (plus any regular expenses) on the card in July (month 7). At the end of the month, you cannot afford to pay off anything except the minimum payment of sos and will carry the balance over plus interest). Interest is applied before you make the S80 payment at the end of the month. You find yourself in a bind and do this for the rest of the year (August - December). What is the balance of the card at the end of your first year with your sweet new addition? (Hint: try making a table of your expenses each month and calculate the total owed on the card that transfers to the next month after payment and after interest is added). (10 points
