"Salary x 1. 04 = Next year’s salary


Financial Algebra – 10-year Budgeting Project


(Yearly salary x. 8)/12 = Monthly Pay


Monthly bills x 1. 02 = next year’s monthly bills


Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10


Salary


57200 59488


61867. 52


64342. 22 66915. 91 65952. 55 72376. 25 75271. 30 78282. 15


Monthly Pay 3813. 33


3965. 87 4124. 50 4289. 48


441. 06 4639. 50


4825. 08 5018. 09


5218. 81


Monthly Bills 3641. 23 3714. 05


3788. 33 3864. 10 3941. 38 4020. 21 4100. 61 4182. 62


4266. 27


Savings 172. 10 251. 82


336. 17


519. 68 519. 68 619. 29 724. 47 835. 47 952. 54


Difference


+81. 72 +84. 35


+89. 21 +94. 30


+99. 61 +105. 18 +111. 00


+117. 7"