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Jane's personal financial planning using cash flows

Cash flows: It is typical for Jane to plan, monitor and assess her financial position using cash flow over a given period, typically a month. Jane has a savings account and her bank loans money a 6% per year while it offers short term investment rates of 5%. Jane's cash flows during August were as follows:

Item Cash inflow Cash outflow

Clothes $1,000

Interest received $450

Dining out 500

Groceries 800

Salary 4,500

Auto payment 355

Utilities 280

Mortgage 1,200

Gas 222

a. Determine Jane's total cash inflows and cash outflows.

b. Determine the net cash flow for the month of August.

c. If there is a shortage, what are a few options open to Jane?

d. If there is a surplus, what would be a prudent strategy for her to follow?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M940925

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