Sophia just acquired full time employment with the government and her income (after deductions) bi-weekly is $1250. She has some set expenses as follows: Rent $750/month, Car payments $150/month, Car Insúrance $400 every 3 months, Student Loan of $12,000 (to be paid monthly over the next 6 years). Include at least 5 other expenses that she will have to budget for monthly. (Show calculations for items not paid monthly and make sure the budget balances or Sophia is saving money)

Sophia just acquired full time employment with the government and her income (after deductions) bi-weekly is $1250. She has some set expenses as follows: Rent $750/month, Car payments $150/month, Car Insúrance $400 every 3 months, Student Loan of $12,000 (to be paid monthly over the next 6 years). Include at least 5 other expenses that she will have to budget for monthly. (Show calculations for items not paid monthly and make sure the budget balances or Sophia is saving money)

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 4SCQ: Edna is living in a retirement home where home where most of her needs are taken care of, but she...

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Question 5 mr.Rahim is plaining to pursue MBA studies.initail inquiry shows that he will have to pay RM 25,000 as tuition fee,buy books for RM1,000,and pay for transport RM 1,000.The MBA study programme will extend over 15 months.Mr.Rahim is working now with a salary of RM2,500 per month.Being a full time student,he will have to forego the income from his present job for the period of study. work out: (a) financial cost (b) Economic cost of doing MBA.
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16. Mr John Week borrowed $ 2,400 at 1% per month payable in 24 equal end-of-the month payments. How much money of the loan remains unpaid immediately after he has paid the 12th payment?
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Edna is living in a retirement home where home where most of her needs are taken care of, but she has some discretionary spending. Based on the basket of goods in Table 22.5, by what percentage does Ednas cost of living increase between time 1 and time 2
3 Full explain
Note : Please answers all the parts , don't leave any part please it's a request. Donald is a small-scale orange juice producer, and he has a small orange juice producing factory in Mildura. He purchases oranges and other ingredients from shops in the local area. He sells all the produced juice bottles to the Mildura superstore for $7 per juice bottle; however, the superstore sells these bottles for the final consumer for $8.50. Donald spent $4200 last quarter and made 1000 juice bottles. (2 marks) a) What is the definition of value-added? (0.4 marks) b) What is Donald’s cost per bottle of juice? (0.4 marks), c) What is Donald’s value-added per bottle of juice? (0.4 marks) d) What is the total value-addition by Donald? (0.4 marks) e) What is the final contribution to the GDP from the orange juice according to the above information? (0.4 mark)
3 Question 20: An individual makes rental payments of $1,200 per month and wants to know the present value of their annual rentals over a 12-month period. The payments are made at the start of each month. The current interest rate is 8% per annum.
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