Econ Project - d) a) 189,950 b) (10%) 189,000 X .1= 18900...

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Budget Project Humzah Janjua Per. 2 2/26/09 Mrs. Williams
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Table of Contents Section 1: Estimated Income Section 2: Buying a Place to live Section 3: Renting a Place to live Section 4: Final Decision on Shelter Section 5: Transportation Section 6: Monthly Expense Statement Section 7: Taxes Section 8: Final Reflection: Scarcity and Opp. Cost
Background image of page 2
Section 1 Pyschologist a) 70,000 b) Married- spouse doesn’t work c) 3-ages 15,17,19 d) 15,000 savings e) Student loan 200 $ month/ college tuition for oldest = 2,000 per
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Section 2 b) Me and my family’s plan is to purchase a home in Pleasanton, California which is 189,950. This house isn’t old it was made in 2003, and is near the freeway which is easy for me to commute. With my salary, I can afford this 2 bed/bath house. Me and my wife are going to live in one room and the other 3 kids sleep in the other room. c) Cost/ benefit?
Background image of page 4
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 6
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: d) a) 189,950 b) (10%) 189,000 X .1= 18900 c) 189,950 – 18,995 = 170,955 d) 170,955 X .06 X 30 years = 307,719 e) 307,719+ 170,955 = 478,674 f) 478,674/ 360 =1329.65 Section- 3 a) My plan for renting this property is for the month of March. I picked this particular apartment for me and my family, because its affordable and this has 2 bed/ bath which can fit my whole family. It’s in a great school district which is great for my kids. I will pay for the first and last months and rent including the security deposit of 2000$. My first and last months rent came out of my salary and the security deposit came out from my saving because eventually I am getting this money back, if maintained and keep the property as I received. b) Cost/ benefit?? Section 4 The option I picked was renting an apartment, because it is affordable for me....
View Full Document

This note was uploaded on 02/15/2010 for the course ECON 2324543 taught by Professor Jones during the Spring '10 term at Aarhus Universitet, Aarhus.

Page1 / 6

Econ Project - d) a) 189,950 b) (10%) 189,000 X .1= 18900...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online