Graph image-your realized income is $2,943.20/month. how much are your fixed expenses each month? how much could you save per month if you take off 25% of your discretionary monies and put it in a savings account? 2nd image-be sure to include the mathematical steps for solving the problem demonstrating mathematical reasoning Your gross income is $4,520.00/month. Your deductions are FICA (7.65%), federal tax withholding(11.75%), and state tax withholding (8.5%). Your fixed expenses are 30% of your realized income. Yousaved 5 months' worth in an emergency fund, placing 75% in a 60-day CD at a 5.25% APR and the rest ina regular savings account at a 3.8% APR. What is the total amount of your emergency fund? How much isin the CD and savings account? How much is the total interest earned between both accounts in 60 days?Be sure to include in your response:the answer to the original questionthe mathematical steps for solving the problem demonstrating mathematical reasoning ExpenseAmountMortgage (monthly)$985.64Cell phone (monthly)$58.30Groceries (twice a month)$154.00Clothing (monthly with 25% job-related) $180.00Water & electric (monthly)$128.40Weekly dinner & movie$55.00Property taxes (6 months)$684.80Car insurance (quarterly)$330.00

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Graph image- your realized income is $2,943.20/month. how much are your fixed expenses each month? how much could you save per month if you take off 25% of your discretionary monies and put it in a savings account?

Graph image- your realized income is $2,943.20/month. how much are your fixed expenses each month? how much could you save per month if you take off 25% of your discretionary monies and put it in a savings account?

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

Graph image-

your realized income is $2,943.20/month. how much are your fixed expenses each month? how much could you save per month if you take off 25% of your discretionary monies and put it in a savings account?

2nd image-

be sure to include the mathematical steps for solving the problem demonstrating mathematical reasoning

Your gross income is $4,520.00/month. Your deductions are FICA (7.65%), federal tax withholding
(11.75%), and state tax withholding (8.5%). Your fixed expenses are 30% of your realized income. You
saved 5 months' worth in an emergency fund, placing 75% in a 60-day CD at a 5.25% APR and the rest in
a regular savings account at a 3.8% APR. What is the total amount of your emergency fund? How much is
in the CD and savings account? How much is the total interest earned between both accounts in 60 days?
Be sure to include in your response:
the answer to the original question
the mathematical steps for solving the problem demonstrating mathematical reasoning

Expense
Amount
Mortgage (monthly)
$985.64
Cell phone (monthly)
$58.30
Groceries (twice a month)
$154.00
Clothing (monthly with 25% job-related) $180.00
Water & electric (monthly)
$128.40
Weekly dinner & movie
$55.00
Property taxes (6 months)
$684.80
Car insurance (quarterly)
$330.00

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