Income The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow (it could be positive Part-time job: $800/month $400/month or negative). Assume salaries and wages are College fund from grandparents: after taxes. When you need to convert between weeks and months, assume that 1 month = 4 weeks. Scholarship: $6000/year The net monthly cash flow is $ . (Round to the nearest dollar as needed.) Expenses Rent: $450/month Groceries: $70/week Tuition and fees: $2400 twice a year Incidentals: $90/week

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ISBN:9780470458365
Author:Erwin Kreyszig
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7. net monthly cash flow

The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow (it could be positive or negative). Assume salaries and wages are after taxes. When you need to convert between weeks and months, assume that 1 month = 4 weeks.

**Income**
- Part-time job: $800/month
- College fund from grandparents: $400/month
- Scholarship: $6000/year

**Expenses**
- Rent: $450/month
- Groceries: $70/week
- Tuition and fees: $2400 twice a year
- Incidentals: $90/week

The net monthly cash flow is $______. (Round to the nearest dollar as needed.)
Transcribed Image Text:The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow (it could be positive or negative). Assume salaries and wages are after taxes. When you need to convert between weeks and months, assume that 1 month = 4 weeks. **Income** - Part-time job: $800/month - College fund from grandparents: $400/month - Scholarship: $6000/year **Expenses** - Rent: $450/month - Groceries: $70/week - Tuition and fees: $2400 twice a year - Incidentals: $90/week The net monthly cash flow is $______. (Round to the nearest dollar as needed.)
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