John Walters is comparing the cost of credit to the cash price of an item. If John makes a down payment of $100 and pays $35 a month for 24 months, how much more will that amount be than the cash price of $701?

Cost of credit

?

The Brandon household has a monthly income of $5,690 on which to base their budget. They plan to save 20 percent and spend 20 percent on fixed expenses and 40 percent on variable expenses.

a. What amount do they plan to set aside for each major budget section? (Round your answers to 2 decimal places.)

Savings	?
Fixed expenses	?
Variable expenses	?

b. After setting aside these amounts, what amount would remain for additional savings or for paying off debts? (Round your answer to 2 decimal places.)

Remain amount

?

On December 30, you make a $4,400 charitable donation.

a. If you are in the 25 percent tax bracket, how much will you save in taxes for the current year? (Assume your other itemized deductions exceed the standard deduction amount.)

tax saving

?

b. If you deposit that tax savings in a savings account for the next six years at 7 percent, what will be the future value of that account? Use Exhibit 1-A. (Round FV factor to 3 decimal places and final answer to 2 decimal places.)

Future value

?

Period 1 24 3% 4 56 % T% % 106 11 12 1 104 10 1 11 1. 1.11 DE 1061 | OH 1.10 1.145 1166 12 12.2 3 1.00 1 125 29 1124 1.101 12 1331 106 102 13F 1060 11% 1. 12 101 11 1.41 1464 1.513 1 E85 103 116 121 1334 125 131 140 1 201 1206 150 1,50 1104 1.126 1611 126 1.3 106 15: 19 15, 17: 1.br 119 7 1,072 1149 11 1.40 11 1.6T 1,020 1993 1946 | 1.504 4804 20 8 1.172 1267 150 1718 1851 2305 1.47 1,851 2144 2358 9 10 1195 13 1680 BE 999 22 2 10 12] 13 14 1,629 1 16: 2130 2.3: 2 19 132 590 25 2392 2 268 3 12 12 12 1. | PO 2012 2262 25 28] 3138 34 104 19 15 . 2133 za ? 3.05 3 BE 3452 3797 14 1.10 136 1613 1732 29 2937 31 11 12.4 10 1. 2.09 2.16 2760 3172 1346 373 45 3.3.42 3. 6.42 397 a.177 4 595 16 1.1 2261 2307 234 2693 2854 173 105 18 5.31] 2982 3120 3426 37 17 24 1.4 222 564 525 18 1 a28 1702 2026 2407 3 3906 471 5 F 5 - 1306 1 17 210 3026 361 316 6116 2 , 24 3.12 5.GO 0 122 1.46 2 367 4 ACE 1.DCE 2004 3207 202 25 1292 141 2 5. 427 8.623 36 13.E85 3.3% 20 134 11 242 32 574 1612 06 13 B992 2:04 3262 1987 2? 31.40 [0] m 1,15 2502 4324 10: 11.46 12 0457 02 7.3 117 13.E5 Period 12% 13% 14% 15% 16% 17% 18% 19% 20% 25% 30% 1 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.2 125 2 1 254 1277 13 1.323 1345 1 369 1.392 1.416 1 363 169 1 44 1.728 3 1.405 1.443 1.521 1.561 1.602 1.685 1953 2.197 4 1 574 1 689 1 749 1811 1 874 2005 2856 163 1.842 1.643 1990 2288 27 5 1.762 2.386 1.925 2 195 2011 2.313 3.713 2074 2.488 2986 2441 3052 3815 6 1.974 2. 192 2 565 3.001 2082 21 2436 2826 3278 4827 7 2.211 2502 2.66 3.185 3.379 3.583 4.768 6.275 2.353 2658 B 2476 2853 3.050 3.511 3750 4021 595 8157 9 2.773 3.004 3.252 3.518 3.803 4.108 4.435 4.785 5.16 7.451 10.604 10 3.106 3.395 3707 4046 4411 4.807 5294 5.695 6.192 9313 13.786 11 3.479 3.836 4.226 4.652 5.117 5.624 6.176 6.777 7.43 11.642 17.922 12 3.896 4.335 4818 5.35 5936 6 58 8.064 8 916 14552 23 298 7288 8.599 13 4.363 4.898 5.492 6.153 7.600 9.506 10.699 30.288 18 19 22 737 14 4.887 5.635 6 261 6886 7988 9.266 7076 9.007 10.147 1142 12.899 39.374 15 5.474 6.254 7.138 8.137 10.539 11.974 13.89 15.407 28.422 51.186 16 6.13 9.358 16 172 18 488 36 627 56.542 7067 7.986 9024 17 8 137 9.276 10.575 12 33 14.426 6.366 14120 16.672 10745 12.468 14463 10.761 19.244 44 409 86.504 22.186 26.623 18 769 12375 16879 19673 22 901 56 511 112 456 19 1.613 12056 14.232 16.777 19.748 23 214 27.252 31.948 69 369 146. 192 10.197 11 523 20 9.646 13 743 16.367 10.461 23.106 32.129 38.938 86.736 190.05 27 393 62669 25 21231 32.919 40.874 50.656 77.388 95,396 264.698 705.641 26.462 50.95 30 29.96 39.116 85.85 111 065 143 371 184 675 237 376 807794 2619.996 66 212 267.864 40 93.051 132.782 188.884 378.721 533.869 750 378 1051.668 1469.772 7523. 164 36118.065 50 289 002 450.796 700 233 1083 657 1670 704 2566 215 3927 357 5988 914 9100 498 70064 923 497929 223