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    PFIN Study Set 1
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    Exam 2: Using Financial Statements and Budgets
  5. Question
    The Harts Spend 30% of Their Disposable Income on Housing
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The Harts Spend 30% of Their Disposable Income on Housing

Question 2

Question 2

Essay

The Harts spend 30% of their disposable income on housing, 5% on medical expenses, 25% on food, 10% on clothing, 14% on loan repayments, and 8% on entertainment. How much of their disposable income is available for saving and investment? (Show all work.)

Correct Answer:

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