1) Jack has the following income and expenses. Find the net monthly cash flow using Excel table...
Question:
1) Jack has the following income and expenses. Find the net monthly cash flow using Excel table Part-time job: $15 per hour, 20 hour per week Rent: $850 per month College fund from family: 450 per month Personal loan from Bank: $8000 that has to be paid in one year (APR = 16.8%) Tuition and fees: $3550 per semester Scholarship: $3000 per semester Groceries: $85 per week Internet and phone: $90 per month Assume: 1 month = 4 weeks and 1 year = 2 semester
2) The table below shows a balance on a credit card during the statement period from 18 September (inclusive) to 17 October (inclusive) 2021.
Assume that the APR is 22.20% Find the average daily balance and the interest for the above period.
Sep 18 $1850
Sep 20 $1000
Sep 25 $1350
Sep 30 $1700
Oct 5 $1200
Oct 11 $1650
Oct 17 $650
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett