Abby had the following statistics. Calculate the gross savings percentage. Net cash flow .................................... $6,000 Nondiscretionary expenses

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Abby had the following statistics. Calculate the gross savings percentage.

Net cash flow .................................... $6,000

Nondiscretionary expenses ..................... 35,000

Discretionary expenses .......................... 8,000

Targeted retirement savings .................... 5,000

Repayment of debt ............................. $2,000

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Personal Financial Planning

ISBN: 978-1259277184

2nd edition

Authors: Lewis J. Altfest

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Question Posted: May 05, 2017 10:17 AM

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Abby had the following statistics. Calculate the gross savings percentage. Net cash flow .................................... $6,000 Nondiscretionary expenses

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The first step is to find the amount of total income Net Cash Flow 6000 Targeted Re...View the full answer

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