Chapter3: Income Sources
Section: Chapter Questions
Problem 41P
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Question
Aa.52.
Transcribed Image Text:Eva earns $94853 per year and pays $32918 in taxes. Her mortgage
and interest payments amount to $1675 per month on her primary
residence that is worth $350,000. She also has an interest-only
business loan on which she pays $4222 per year. Eva's RRSP has
grown to $35,000 and she contributes $4179 at the beginning of
each year. She also has a non-registered investment account that
generates $802 per month in income on average. What is Eva's net
monthly cash flow?
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