Boda Pre-Calc Finance Project - Hour 5
Harper earned her bachelor’s degree in business two years ago. She is now 25 and is managing a retail store. Her annual salary is $70,000. She has $35,000 in student loans, and also has a car payment of $325 per month. She wants to buy her first home in the next few months.
- $402.78 - Student Loan Payments
- $325 - Car Payments
- $300 - Food Budget
- $100 - Gas Budget
- $330 - Utilities' Costs
- $1000 - Car Insurance Payments
- $50 - Cell Phone Bill
- $100 - Entertainment Budget
Current interest rates on mortgage loans from Harper's bank are just under 4%.