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1 year ago

What is the first thing people should do when creating a budget?

1 answer:

vladimir1956 [14]1 year ago

6 0

When creating a budget people should Record everything that they spend and what they spend it on. The appropriate response is option A.

<h3>What is a budget ?</h3>

A budget is an estimate of income and expenditures for a given future period of time, and it is often created and updated on a regular basis. A individual, a group of people, a corporation, a government, or pretty much anything else that makes and spends money can all have budgets.

Budgeting is essential if you want to control your monthly spending, be ready for life's unforeseen events, not falling into debt. Monitoring your income and expenses is a crucial component of budgeting.

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The answer is B Market Basket.

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4 years ago

A homebuyer took out a $350,000 30-year fixed rate loan at 4.5% interest with a monthly payment of $1,773.40. After making two m

Wittaler [7]

The principal balance of the loan will have been reduced by a total of: a. $923.53.

<h3>Principal balance of loan</h3>

First step

First month's payment:

Annualized interest=$350,000 ×.045

Annualized interest = $15,750

First month's interest=$15,750/12

First month's interest= $1,312.50

First month's principal reduction=$1,773.40- $1,312.50

First month's principal reduction= $460.90

Remaining balance=$350,000 -$460.90

Remaining balance= $349,539.10

Second step

Second month's payment:

Annualized interest=$349,539.10 × .045

Annualized interest = $15,729.30

Second month's interest=$15,729.30/ 12

Second month's interest= $1,310.77

Second months principal reduction= $1,773.40 -$1,310.77

Second months principal reduction = $462.63

Third step

Total principal reduction after 2 payments=$460.90 + $462.63

Total principal reduction after 2 payments = $923.63

Therefore the correct option is A.

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2 years ago

Will Mark as Brainliest!!! +40 extra points Spending money on medical expenses is part of this expenditures approach for calcula

mr_godi [17]

Answer A

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3 years ago

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Answer:

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Explanation:

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3 years ago

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Answer:

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3 years ago