If you have a net spendable income of $1,450 per month, what is the maximum amount of money you should spend on food each month

The maximum amount of money that should be spent on housing each month is $522.

The maximum amount of money that should be spent on transportation each month is $290.

The maximum amount of money that should be spent on food each month is $246.50.

The maximum amount of money that should be spent on entertainment each month is $116.

ryan had a head start of 10 meters.

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.