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Income: Assets: Gross income $ 134,000 Checking account $ 3,780 Interest income 295 Savings account 18,240 Total $ 134,295 Personal property 12,600 Expenses: Total $ 34,620 Living $ 18,825 Liabilities: Insurance premium 990 Note to bank 5,120 Taxes 14,560 Net worth $ 29,500 Medical 985 Investment 3,200 Total $ 38,560 b. If you round all the way each 2021 and 2022 asset and liability, what will be the difference in Paula's net worth? Total estimated difference in Paula's net worth Paula Sanchez is trying to determine her 2022 finances. Paula's actual 2021 finances were as follows: Assets: Checking account Income: Gross income Interest income $ 67,000 440 Savings account Total $ 67,440 Automobile Expenses: Living $ 25,100 Insurance premium 330 Taxes Medical Investment Total 14,800 580 4,000 $ 44,810 Personal property Total Liabilities: Note to bank Net worth $ 1,890 9,120 1,950 14,700 $ 27,660 5,500 $ 22,160 ($27,660 - $5,500) Net worth(own) = Assets Liabilities(owe) Paula believes her gross income will double in 2022 but her interest income will decrease $145. She plans to reduce her 2022 living expenses by one-fourth. Paula's insurance company wrote a letter announcing that her insurance premiums would triple in 2022. Her accountant estimates her taxes will decrease $240 and her medical costs will increase $405. Paula also hopes to cut her investments expenses by one-fifth. Paula's accountant projects that her savings and checking accounts will each double in value. On January 2, 2022, Paula sold her automobile and began to use public transportation. Paula forecasts that her personal property will decrease by one-seventh. She has sent her bank a $380 check to reduce her bank note. a. Complete the below statement to give Paula an updated list of her 2022 finances?

Income: Assets: Gross income $ 134,000 Checking account $ 3,780 Interest income 295 Savings account 18,240 Total $ 134,295 Personal property 12,600 Expenses: Total $ 34,620 Living $ 18,825 Liabilities: Insurance premium 990 Note to bank 5,120 Taxes 14,560 Net worth $ 29,500 Medical 985 Investment 3,200 Total $ 38,560 b. If you round all the way each 2021 and 2022 asset and liability, what will be the difference in Paula's net worth? Total estimated difference in Paula's net worth Paula Sanchez is trying to determine her 2022 finances. Paula's actual 2021 finances were as follows: Assets: Checking account Income: Gross income Interest income $ 67,000 440 Savings account Total $ 67,440 Automobile Expenses: Living $ 25,100 Insurance premium 330 Taxes Medical Investment Total 14,800 580 4,000 $ 44,810 Personal property Total Liabilities: Note to bank Net worth $ 1,890 9,120 1,950 14,700 $ 27,660 5,500 $ 22,160 ($27,660 - $5,500) Net worth(own) = Assets Liabilities(owe) Paula believes her gross income will double in 2022 but her interest income will decrease $145. She plans to reduce her 2022 living expenses by one-fourth. Paula's insurance company wrote a letter announcing that her insurance premiums would triple in 2022. Her accountant estimates her taxes will decrease $240 and her medical costs will increase $405. Paula also hopes to cut her investments expenses by one-fifth. Paula's accountant projects that her savings and checking accounts will each double in value. On January 2, 2022, Paula sold her automobile and began to use public transportation. Paula forecasts that her personal property will decrease by one-seventh. She has sent her bank a $380 check to reduce her bank note. a. Complete the below statement to give Paula an updated list of her 2022 finances?

Advanced Engineering Mathematics
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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I am unable to solve part b. 

Income: Assets: Gross income $ 134,000 Checking account $ 3,780 Interest income 295 Savings account 18,240 Total $ 134,295 Personal property 12,600 Expenses: Total $ 34,620 Living $ 18,825 Liabilities: Insurance premium 990 Note to bank 5,120 Taxes 14,560 Net worth $ 29,500 Medical 985 Investment 3,200 Total $ 38,560 b. If you round all the way each 2021 and 2022 asset and liability, what will be the difference in Paula's net worth? Total estimated difference in Paula's net worth
Transcribed Image Text:Income: Assets: Gross income $ 134,000 Checking account $ 3,780 Interest income 295 Savings account 18,240 Total $ 134,295 Personal property 12,600 Expenses: Total $ 34,620 Living $ 18,825 Liabilities: Insurance premium 990 Note to bank 5,120 Taxes 14,560 Net worth $ 29,500 Medical 985 Investment 3,200 Total $ 38,560 b. If you round all the way each 2021 and 2022 asset and liability, what will be the difference in Paula's net worth? Total estimated difference in Paula's net worth
Paula Sanchez is trying to determine her 2022 finances. Paula's actual 2021 finances were as follows: Assets: Checking account Income: Gross income Interest income $ 67,000 440 Savings account Total $ 67,440 Automobile Expenses: Living $ 25,100 Insurance premium 330 Taxes Medical Investment Total 14,800 580 4,000 $ 44,810 Personal property Total Liabilities: Note to bank Net worth $ 1,890 9,120 1,950 14,700 $ 27,660 5,500 $ 22,160 ($27,660 - $5,500) Net worth(own) = Assets Liabilities(owe) Paula believes her gross income will double in 2022 but her interest income will decrease $145. She plans to reduce her 2022 living expenses by one-fourth. Paula's insurance company wrote a letter announcing that her insurance premiums would triple in 2022. Her accountant estimates her taxes will decrease $240 and her medical costs will increase $405. Paula also hopes to cut her investments expenses by one-fifth. Paula's accountant projects that her savings and checking accounts will each double in value. On January 2, 2022, Paula sold her automobile and began to use public transportation. Paula forecasts that her personal property will decrease by one-seventh. She has sent her bank a $380 check to reduce her bank note. a. Complete the below statement to give Paula an updated list of her 2022 finances?
Transcribed Image Text:Paula Sanchez is trying to determine her 2022 finances. Paula's actual 2021 finances were as follows: Assets: Checking account Income: Gross income Interest income $ 67,000 440 Savings account Total $ 67,440 Automobile Expenses: Living $ 25,100 Insurance premium 330 Taxes Medical Investment Total 14,800 580 4,000 $ 44,810 Personal property Total Liabilities: Note to bank Net worth $ 1,890 9,120 1,950 14,700 $ 27,660 5,500 $ 22,160 ($27,660 - $5,500) Net worth(own) = Assets Liabilities(owe) Paula believes her gross income will double in 2022 but her interest income will decrease $145. She plans to reduce her 2022 living expenses by one-fourth. Paula's insurance company wrote a letter announcing that her insurance premiums would triple in 2022. Her accountant estimates her taxes will decrease $240 and her medical costs will increase $405. Paula also hopes to cut her investments expenses by one-fifth. Paula's accountant projects that her savings and checking accounts will each double in value. On January 2, 2022, Paula sold her automobile and began to use public transportation. Paula forecasts that her personal property will decrease by one-seventh. She has sent her bank a $380 check to reduce her bank note. a. Complete the below statement to give Paula an updated list of her 2022 finances?
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