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Your friend and colleague has been working for about a year since graduating from university. He has come to you for advice on his saving
Your friend and colleague has been working for about a year since graduating from university. He has come to you for advice on his saving and spending habits. You have accumulated the following information on his savings and spending that has occurred over the past year: Salary received over the last year, net of income tax Rent and utilities paid Car expenses paid Credit card debt at the start of the year Food, entertaining, recreation paid Credit card debt at the end of the year Line of credit at the start of the year Line of credit at the end of the year Purchase of car Car loan at the end of the year Cash account balance at the beginning of the year Saving/Spending Amount $ 67,500 24,900 7,200 1,500 9,000 3,750 3,750 1,800 30,000 Activate W22,500 s Go to Settings to 750 ate Wind 1500
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