Manny wants to find ways to reduce his current debt. The table below shows Manny’s monthly income, expenses and net income.


Monthly Budget
Amount
Income
Wages
$3,000.00
Expenses
Rent
$1,200.00

Utilities
$269.34

Entertainment
$220.00

Food/Clothes
$368.00

Cell Phone
$89.42

Credit Card #1
$94.62

Credit Card #2
$36.18

Car Insurance
$80.00

Car Payment
$300.00

Gym Membership
$25.00
Net Income

$317.44


After evaluating Manny’s monthly budget, which of the following would be the best option to reduce his debt?
a.
Manny could spend less on entertainment each month and put the money towards a new cell phone.
b.
Manny could pay the minimum monthly payments on his credit cards and put the money towards his car payment.
c.
Manny could spend less on food and clothes and put the money towards his credit card payment.
d.
Manny could cut his utlility costs and put the money towards buying a new house.

Answers

Answer 1

Answer:

c.  Manny could spend less on food and clothes and put the money towards his credit card payment.

Step-by-step explanation:

Edge 2021

Answer 2

Based on the information given, Manny can reduce his current debt by: C. Manny could spend less on food and clothes and put the money towards his credit card payment.

What is a credit card?

A credit card refers to a small rectangular-shaped plastic card that is issued by a financial institution (banks) to its customers, which allows them to purchase goods and services on credit, especially based on the agreement that the amount of money taken would be paid later with an agreed upon interest rate.

How to calculate monthly payment.

Mathematically, the monthly payment for a credit card is given by this formula:

[tex]M=P(\frac{r}{1-(1+r)^{-nt}} )[/tex]

Where:

P is the principal.r is the interest rate.M is the monthly payment.t is the time.n is the number of times it's compounded.

In this scenario, Manny can reduce his current debt by spending less amount of money on both food and clothes while putting the money towards his credit card payment.

Read more on monthly payment here: https://brainly.com/question/2151013


Related Questions

PLEASE HELP ME! Suppose $800 can be invested either at 5% simple interest per annum or at 5% interest per annum, compounded annually. Using two tables of values and a single graph, compare the amounts for each type of interest after each year for the first five years. Be sure to show all the calculations used to obtain your answers. Also, provide explanations to clarify the information presented in the tables and in the graph.

Answers

Answer:

uh someone please help!!

Step-by-step explanation:

2÷2=????? Hurry
ppls help hurryy6yyyyyyyyyyyy6yyyyyyyy6yyyyy​

Answers

Answer:

2÷2=1

Step-by-step explanation:

That's the answer

Answer:

2÷2=1

Step-by-step explanation:

2 divides by 2 = 1

that's the answer

there were a hundred pounds of boxes for every 54 lb of packing and if a factory used 260 lb of packing how many pounds of boxes did the
factory use​

Answers

9514 1404 393

Answer:

  481.5 (rounded to tenths)

Step-by-step explanation:

Boxes are proportional to packing, so we have ...

   (pounds of boxes)/(pounds of packing) = b/260 = 100/54

Multiplying by 260 gives ...

  b = 260(100/54) = 26000/54 = 481.481481...

About 481.5 pounds of boxes were used.

A university's freshman class has 7600 students. 55% of those students are majoring
in Economics. How many students in the freshman class are Economics majors?

Answers

Answer:

4180

Step-by-step explanation:

55% of 7600 is 4180

Mary's Muffins makes 300 muffins on Thursday mornings. On Fridays, they make 10 times as many muffins as they do on Thursdays. How many muffins does Mary's Muffins make on a Friday? *​

Answers

Answer: 3,000

Step-by-step explanation: 300 x 10 = 3000

Answer:

3000

Step-by-step explanation:

300+300=600+300=900+300=1200+300=1500+300=1800+300=2100+300=2400+300=2700+300=3000

Can someone explain how to work this out please ?

Answers

Answer:

x=4

Step-by-step explanation:

f(x) = (x-2)^5  +3

Let f(x) = 35

35 = (x-2)^5  +3

Subtract 3 from each side

35-3 = (x-2)^5  +3-3

32 = (x-2)^5

Take the fifth root of each side

32 ^ (1/5) =  (x-2)^5^ 1/5

2 = x-2

Add 2 to each side

2 +2 = x-2+2

4 =x

What is a formula for the nth term of the given sequence? 48, 72, 108​

Answers

Answer:

[tex]a_n=48*1.5^{n-1}[/tex]

Step-by-step explanation:

Geometric Sequence

In geometric sequences, each term is found by multiplying (or dividing) the previous term by a fixed number, called the common ratio.

We are given the sequence:

48, 72, 108, ...

The common ratio is found by dividing the second term by the first term:

[tex]r=\frac{72}{48}=1.5[/tex]

To ensure this is a geometric sequence, we use the ratio just calculated to find the third term a3=72*1.5=108.

Now we are sure this is a geometric sequence, we use the general term formula:

[tex]a_n=a_1*r^{n-1}[/tex]

Where a1=48 and r=1.5

[tex]\boxed{a_n=48*1.5^{n-1}}[/tex]

For example, to find the 5th term:

[tex]a_5=48*1.5^{5-1}=48*1.5^{4}=243[/tex]

Jamal runs for a track team. He ran 2.1 miles in 1/3 of an hour. What is Jamal's rate of speed?

Answers

Answer:

6.3

Step-by-step explanation:

Answer:

7h

Step-by-step explanation:

2.
Determine the discriminant and identify the number and type of solutions to the equation
4x2 + 12x = -9,
A 288; 2 real solutions
B. 0; 1 real solution
C. 108; 2 real solutions
D. 92; 2 imaginary solutions

Answers

Imnhnbbbvbbj do gag by bed tyyy

-6.4 = z/6
what does z =?​

Answers

Answer:

-38.4

Step-by-step explanation:

Multiply both sides by 6 to get rid of the /6 then you would get z alone

Answer:YOUR ANSWER IS.......

35 HOPE U HAVE A GOOD DAY <3

Step-by-step explanation:THANK YOU FOR YOUR TIME!

please help it is due at 4:15

Answers

Answer:

$2720

Step-by-step explanation:

Interest = P×R×T /100

= 2000×12×3 /100

=72000/100 = $720

Amount = Principal + Interest

= $2000+$720 =$2720

Given that there are 5280 feet in a
mile and 60 minutes in an hour, convert 60mph to
feet per minute

(Please I need help badly)

Answers

Answer:

Correct answer to the question: There are 5280 feet in a mile and 60 minutes in an hour (needless to say). How fast is a car going 30 miles per hour traveling in feet per minute?

I hope it helps  :)

Find the measure of each angle

Answers

Answer:

1 = 44° (Opposite angles>

2 = 77° (By Angle sum property of a triangle)

3 = 82° ('' '' ' '' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ''')


What would be the total cost of software F
over time?

Answers

10,500 I think? Sorry if it’s not right, I’ll give an explanation if needed :)

The total cost of software F over time is $5000.

What is a satisfaction rate?

For questions involving Customer Satisfaction Score, "Satisfaction Rate" is computed. It's calculated to provide you with an overall satisfaction rating of your respondents' responses to your goods and services.

Cost of Software F = $10000

Satisfaction rate with Software F = 90%

Cost of satisfaction level = $0

Cost of dissatisfaction level = $5000

Percentage of not satisfied = 10%

The total cost of Software F over time is :

= {($10000 x 90% - $0) + ($10000 x 10% - $5000)}.

= $5000

Therefore, cost of software F over time is $5000.

Learn more about the satisfaction rate : https://brainly.com/question/25940131

#SPJ2

What’s given?, what’s something else we can figure out?, Can we prove these congruent?

Answers

Answer: TnT down

Step-by-step explanation:

What's given?

EG ≅ FG

∟EFG ≅ ∟FGH

What's something else we can figure out?

∠FGE ≅ ∠GFH - alternate interior angles

Can we prove these congruent?

We can prove this congruent by using AAS

Geez I think I'm losing my touch but I hope this is correct and it helped!

Find mZABD.
D
20°
B
С
o
mZABD

Answers

Answer:

The answer is 20.

Step-by-step explanation:

#>×==×

The surface area "S" of a sphere of radius ris given by the forma
S=4pir^
Find (i) the surface area of a sphere whose radius is 5 cm.​

Answers

The answer is 314.16


Can someone pls help me with this

Answers

Answer:

4

Step-by-step explanation:

If you graphed it out you would see that the rise/run would be 4 over 1 which is also 4. On this table, you can see that the x is going up by 2 and the y is going up by 8 and 8/2 is also the same as 4/1 or 4 (rise/run = y/x).

?? anyone know thank you

Answers

Answer:

19/20 is the correct answer

Answer:

19/20 quart

Step-by-step explanation:

the denominator should be the same so find some thing that is common to 4 and 5 so 20 and find what 4 in to 20 go 5 times so multiply 5×3=15 and 4×1=4 so add them together 15+4 = 19 so put 19 and 20 together equal 19/20

A square of side 72 cm and a rectangle of length 90 cm have same perimeter. Find the difference in areas ?

A)216cm2
B)304cm2
C)324cm2
D)328cm2

Answers

Answer:

324 cm²

Step-by-step explanation:

→ Work out perimeter of square

72 + 72 + 72 + 72 = 288

→ Work out the width of the rectangle

288 - (90 × 2) = 108

108 ÷ 2 = 54

→ Work out area of square

72 × 72 = 5184 cm²

→ Work out area of rectangle

90 × 54 = 4860 cm²

→ Minus the areas from each other

5184 cm² - 4860 cm² = 324 cm²

Answer:

C) 324cm²

Step-by-step explanation:

1) they have the same perimeter so to find it you add all four sides of the square because they are all the same ( 72+72+72+72=288)

2) now you multiply 90 by 2 because the rectanglehas to sides of the same length(90×2=180) the answer you get you are going to subtract to 288 (288-180=108)

3) now divide 108 by 2 (108÷2= 54) the answer you get equals the width of the side of the rectangle

4) to get the area of the rectangle you multiply 54 with 90 (54×90=4,860) to get the area of the square you multiply 72 times 72 (72×72=5,184)

5) now you subtract 5,184 and 4,860 ( 5,184-4,860= 324cm²)

The graph of a linear system is shown. what is the solution to this linear system? Enter a value in each box to create an ordered pair.​

Answers

I believe it’s (2,3) ??

Answer:

2,3

Step-by-step explanation:

Can someone help with this? I’m offering high amount of credits for the answers.

Answers

Answer:

jn and lp

Step-by-step explanation:

jn lp i’m so sorry if i’m incorrect

Solve 4 two-step equations:

1. 2x + 12 = 4
2. -5c + 9 = -16
3. -12 = -7 + x/4
4. -n/6 + 4 = 3

Answers

1.X=-4
2.C=5
3.X=-20
4.N=6

Hope this helps

Have a great day/night

Drag each percent to match the situation. Each percent may be used only once.

Answers

Answer:

#1 is 80% #2 is 95% #3 is 33⅓% #4 is 15%

Step-by-step explanation:

divide the smaller # by the bigger number, giving you a decimal. move the decimal 2 times to the right and that is your percentage.

On the graph shown, what is f(-1)?

Answers

Answer:

where is the graph?

Step-by-step explanation:

hey there, there’s no graph to help out:)

Mrs.Jones cuts an apple into eights. She eats 3/8 and give her son and daughter the rest

Answers

Answer:

i don't know what the rest of the question is, but she gives her kids 5/8 of an apple

Step-by-step explanation:

5. A cube has width of 8 cm. What is the volume of the cube?
Anyone got an answer?

Answers

Answer:

8×8×8 =512

Step-by-step explanation:

prove me wrong

Answer:

512 cm

Step-by-step explanation:

the formula to find volume is length × width + height (L×W×H) and since it is a cube all of the sides are equal so simply multiple 8 × 8 × 8 to get 512

7207689984 !!!!!!!!!!!!!!

Answers

Answer:

838494393928262829292928288!!!!!!!!!!!!!!!$

Can Someone help me?

Answers

I think the answer is A. 3.

B. no, to big a number

C. no, to small a number

D. no, again, too big a number.

Have a nice day and hope this helps!

Sammi designs a quilt composed of squares as shown what is the measure of angle z​

Answers

Answer:

z = 52 degrees

Step-by-step explanation:

the angle adjacent to angle Z is 38 degrees because it is vertical and equal to the angle named as 38 degrees

i suppose these are squares, which have right angles (90°)

so, 90 - 38 = m ∠ Z

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