1) the total equal to part 1 is $5,924, calculate what percent of your monthly take-home salary you spend each of your monthly expenses show your work below add these percentages to the third column of the table.
1) the total equal to part 1 is $5,924, calculate what percent of your monthly take-home salary you spend each of your monthly expenses show your work below add these percentages to the third column of the table.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
1) the total equal to part 1 is $5,924, calculate what percent of your monthly take-home salary you spend each of your monthly expenses show your work below add these percentages to the third column of the table.
Transcribed Image Text:The total must be equal to the amount you calculated in Part 1j. Make any
adjustments to your budget (for example, select different monthly payment on
student loan from #6, decrease savings, retirement, or entertainment expenses).
Monthly Expense
Amount
Percent of Total
Monthly Expenses
$1,200
$300
Housing
Utilities (electric, cable, etc.)
Transportation (include car payment, $800
insurance, gas, bus pass, bike
maintenance, etc)
Food
$300
$200
$300
$2,000
$824
Entertainment
Student loan
Savings
Retirement
$5,924
Total
Calculate what percent of your monthly take-home salary you will spend of each
of your monthly expenses. Show your work below. Add these percentages to the
third column of the table.
Utilities:
Housing:
Food:
Transportation:
Entertainment:
Student loan:
Savings:
Retirement:
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