Natasha, an incoming sophomore at Rutgers University, earns $3,000 a month from her internship. Her monthly expenses
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Natasha, an incoming sophomore at Rutgers University, earns $3,000 a month from her internship. Her monthly expenses include rent of $1,200, car payment of $400, car insurance of $250, $200 for utilities and a Verizon bill of $100. On average, she spends $200 on groceries, $150 on entertainment, $100 on clothing, $200 on miscellaneous things.
1) If she continues to earn and spend the same amounts for the next 3 years, how much will she have saved in 3 years (36 full months), after she graduates?
2) How much more could Scarlet save over the 3 year period if she decides to live home instead of dorm?
Related Book For
Concepts In Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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