Unformatted text preview: using his Visa Card. The earrings cost $600, but he hasn’t yet received the bill. c. He borrowed $2,000 from his parents last fall, but so far he has made no payments to them. d. He makes monthly payments of $120 on an installment loan; about half of it is interest, and the balance is repayment of principal. He has 20 payments left, totaling $2,400. e. He paid $2,800 in taxes during the year and is due a tax refund of $450, which he hasn’t yet received. f. He invested $1,800 in some common stock. 4. Why is it important to analyze and compare your budgeted figures to your actual figures? 5. Discuss the ways to overcome the monthly budgeted deficit in your annual cash budget for the year....
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