Initial Budget:
$80,000 loan from family
$38,250 small business loan from bank
All loans to be repaid in 10 years

- You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $80,000 loan from your family and a $38,250 small business loan. These loans must be repaid in full within 10 years.
- What integer would represent your total budget?
-Twenty-five percent of your budget will be used to rent business space and pay for utilities. Write an expression that indicates how much money will be spent on business space and utilities.
-How much money will rent and utilities cost?
-Suppose an investor has increased your budget by $22,250. The investor does not need to be repaid. Rather, he becomes part owner of your business. Will the investor contribute enough money to meet the cost of rent and utilities?
-$38,250 + $80,000 + $22,250-0.25($80,000 + $38,250) after rent,etc how much is left?