Question 144321
a is correct
b) rentandUtiliets = Budget*0.25
c) rentandUtiliets = Budget*0.25
rentAndUtilities = 118,250 * 0.25 = 29,562.50
d)No, the investor added 22,250 and the rent is 29,562.50
22,250 < Budget*0.25
e) money left is 0.75(118,250) + 22,250 = 110,937.50
The money left is the initial set of loans money less the rent. That is (1-0.25)* 118250. Then we have to add in the partners investment of 22,250. That leaves 110.937.50