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generates $802 per month in income on average. What is Eva's net monthly cash flow?

generates $802 per month in income on average. What is Eva's net monthly cash flow?

Essentials Of Investments
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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Aa.52.

 

Eva earns $94853 per year and pays $32918 in taxes. Her mortgage and interest payments amount to $1675 per month on her primary residence that is worth $350,000. She also has an interest-only business loan on which she pays $4222 per year. Eva's RRSP has grown to $35,000 and she contributes $4179 at the beginning of each year. She also has a non-registered investment account that generates $802 per month in income on average. What is Eva's net monthly cash flow?
Transcribed Image Text:Eva earns $94853 per year and pays $32918 in taxes. Her mortgage and interest payments amount to $1675 per month on her primary residence that is worth $350,000. She also has an interest-only business loan on which she pays $4222 per year. Eva's RRSP has grown to $35,000 and she contributes $4179 at the beginning of each year. She also has a non-registered investment account that generates $802 per month in income on average. What is Eva's net monthly cash flow?
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