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Solve the following problems: 1. If you buy a bag of chips and a soda every weekday from a vending machine (at $1.00 per bag
Solve the following problems: 1. If you buy a bag of chips and a soda every weekday from a vending machine (at $1.00 per bag and $1.25 per soda), how much do you spend on the vending machine munchies over the course of a year? (Assume that a year is an even 52 weeks, for simplicity's sake.) 2. What is your net cash flow if you had a total income last month of $2,000 but your expenses totaled $2,500, $500 of which was covered by your credit card? 3. If you wanted to have $5,000 saved up by the end of the year, ignoring investment returns, what amount would you need to save on a monthly basis? A weekly basis? A daily basis
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