Question

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 savings and investment?

Answer #1

**Solution :**

**8 % of the Disposable Income of Harts is available for
savings and Investment.**

**Thus the solution is Savings and Investment = 8
%**

The solution has been arrived by taking the Disposable Income % = 100 %

Please find the attached screenshot of the excel sheet containing the detailed calculation for the solution.

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Amount
Income
Retirement savings
Housing
Transportation
Food
Taxes
Credit card payments
Car payment
Entertainment
Surplus/Deficit
$4,400
400
800
250
400
900
300
330
900
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4
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20
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30
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40
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50
20%
55 or more
60
8%
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