Closer to Real Life

By: Monique Garcia

-1 Room

-1 Bathroom

-Living Room

-Kitchen

Price: $40,000

Cambridge Apartments 1223 Beacon St. Brookline, MA 02446

Price: $25,000

USED!

2003 BMW X5

Labrador Retriever

Price: $300

Mac Book Pro

Price: $1,699.00 4GB memory

250GB hard drive

15-inch: 2.53GHz

Personal Expenses:

Cloth, Accessories, Make- up, Partying, food, dog

food, phone, water,cable super market.

$30,000

  Interest Taxes

Loan term

(years)Sale Value

($)Montly

PaymentTotal Interest

paidTotal Tax

Paid Total Value

Cambridge Apartments 7%

0.50% 15 years $40,000 $376.20 $24,715.64 $3,000 $67,715.64

BMW X5 (2003) 12%0.50

% 5 years $25,000 $566.53 $8,366.67 $625 $33,991.67

Labrador retriver 12%0.50

% 5 years $300 $6.80 $100.40 $7.50 $407.90

MacBook Pro 12%0.50

% 5 years $1,699 $38.50 $568.60 $42.48 $2,310.07

Personal Expenses 11%0.50

% 10 years $30,000 $425.75 $19,590 $1,500 $51,090

        $96,999 $1,413.78 $53,341.31 $5,174.98$155,515.28

Salary $80,000

After Taxes $76,000

Monthly Income $6,333.33

Total Monthly Payments $1,413.78

Income Left $4,919.55

Monthly Income: $6,333.33

Savings: Ridgestone Bank Rate 2.47% Saving: $2,500 per month

Income Left per month: $3,833.33

http://www.moneyrates.com/savings.htm?&CCID=20101475203531453&QTR=ZZf0Za20101475Zb0Zg71Zw0Zm0Zc203531453,203531453Zs6649ZZ&CLK=196100216204201581&accounttype=savings&type=savings&amount=24999&loanamount=--+Loan+Amount&term=&loantype=2&state=&submit.x=50&submit.y=19

http://www.apartments.com/summary.aspx?page=summary&property=117754.4&subarea6=y&prvpg=1067&area1=y&prvpg=1067&state=ma&prvpg=1067&rgn1=114&prvpg=1067&rent_minimum=0&prvpg=1067&rent_maximum=99999&prvpg=1067&mode=6144&prvpg=1067&srt1=0.44&prvpg=1067&srt2=0.39&prvpg=1067&srt3=0.61&prvpg=1067&lid=More_Details&prvpg=1067&pdriveit=0&pdrivefrm=1#MenuItem

http://www.carsforsale.com/used_cars_for_sale/2003_BMW_X5_109236475_3

http://www.terrificpets.com/dogs_for_sale/viewad.asp?adid=95959

http://store.apple.com/us/browse/home/shop_mac/family/macbook_pro?aid=AIC-WWW-NAUS-K2-BUYNOW-MACBOOKPRO-FEATURES&cp=BUYNOW-MACBOOKPRO-FEATURES

Bibliography