10 Alg34 Final Budget Graphing

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Melinda DangAlgebra 3-4June 17, 2008Budget Graphing Problem1. Taxesa. 20% of $30,142.92$30,142.92 X .2 = $6,028.584$30,142.92 - $6,028.584= $24114.37/12=$2009.53 (Monthly)b. Savings10% of $30,142.92Technically its 10% of $24,114.37 ( - Taxes)@24,114.37 X .10 = $2411.437= $21,702.933/12=$1808.58 (Monthly)2. & 3. HousingArbor Heights Monthly Rent = $550.00Water & Electricity: $120.00Total: $670.00/MonthFirst Month: ($300.00 Deposit)=$970.004. Car I = prtP = $4,000.00 (Price of Car)Interest Rate: .09 (9%)Time = 5 yearsI = 4,000 (.09)(5)I = $1,800.00$1,800.00 + $4,000.00= $5,800.00Monthly Payment:$5,800.00/12 (Months)= $96.675. Cost of InsuranceMid-Size: $1,400.00Monthly Payment: $1,400.00/12= $16.676. Gasoline = $50.00$96.67 + $116.67 + $50.00(Car) (Insurance) (Gas)Total: $263.347. Food: $150.00/Month= $800.00/1 Year

8. Cell Phone: $40/1Month= $480.00 / 1 Year 9. $21,702.933/12=$1,808.57 Per Each MonthTotal of Rent: $550.00/Month ($850.00/1

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Month)Utilities: $150.00Car: $263.34Food: $150.00Cell Phone: $40/MonthFirst Month (w/Deposit): Monthly:$1,423.34 $1,123.34$1,808.57 - $1,423.34 $1,808.57 - $1,123.34= $385.23 remaining = $685.23 remaining10.

Monthly Costs

05001000150020002500Taxes Savings Rent Car Food CellPhoneOther Utilities

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11. RatiosTaxes: 2009.53 /30142.92 = 15:1Savings: 1808.58/24114.37 = 13:1Rent: 550.00/24114.37 = 43:1Car: 236.34/24114.37 = 102:1Food: 150.00/24114.37 = 161:1Cell Phone: 40.00/24114.37 = 603:1Utilities: $150.00/24114.37 =160 :1Other: 685.23/24114.37 = 35:112. PercentsTaxes: 2009.53 /30142.92 = (6.7)7%Savings: 1808.58/24114.37 = (7.5) 8%Rent: 550.00/24114.37 = (2.2)2%

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