Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 12 Water electricy, trash pickup and natural gas are other expenses that cost additional money each month. Tim spends $45 per month for water

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
QUESTION 12 Water electricy, trash pickup and natural gas are other expenses that cost additional money each month. Tim spends $45 per month for water and trash 560 per month for electricity, and 545 per month for natural gas. How much does he spend total for these utilities? Save Answer 0.5 points QUESTION 13 Tim's cell phone billis $40 a month. TV service and Internet costs $75 a month. How much does he pay for these services? Activate Windows Sove A Antwer and submn and mit Click Save All Answers to save all aruters. QUESTION 14 A general rule for savings is you should save at least of your take-home income, Tim decides to save 3 of his take-home income. How much is he putting towards his savings each month? 0.5 points Save Answer QUESTION 15 Another rule of thumb is you should have at least 3 months worth of your take home Income in your savings in case you lose your job or an emergency occurs. How muchis 3 months worth of take home income? Activate Windows Go to Setting Arow Click Save and Subscue and bridlick Save All Answers to all our QUESTION 16 Let's not forget about food. After a month of tracking his food spending he finds he spends 540 on restaurants and $100 on groceries. How much does he spend on these each month? 0.5 points Sove Anker QUESTION 17 Tim borrows $4,500 to buy a car and have it paid off in 5 years. Since he does have good credit, he finances the car at 39. What is his monthly car payment? TATAR QUESTION 18 Now that you have a car, you have to purchase car insurance. You buy a policy that costs $550 per year. You pay your insurance bill monthly. What is his monthly Car Insurance payment? 0.5 points Save Answer QUESTION 19 You can't drive your cut without purchasing gas. After trading a months worth of spending Tim finds he spends 560 a month in gas. Time finds he spends 560 a month on new cloons and $60 a month on entertainment What is his monthly cost for these items? CAS Los | Activate Windows QUESTION 20 Tim also has some credit debt. He currently spends $150 per month on his credit cards. After graduating from college. Tim started paying back his student loans. His monthly student loan payment is $100 per month. How much does he spend on these each month? 0.5 points sove shower

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Money Talks Explaining How Money Really Works

Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer

1st Edition

0691202893, 978-0691202891

More Books

Students also viewed these Finance questions

Question

Do you remember who said And away we go?

Answered: 1 week ago

Question

What is the median interest rate?

Answered: 1 week ago

Question

Who is the largest customer in Iowa (IA)?

Answered: 1 week ago