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WAGES High School Drop Out - $9 per hour High School Graduate - $12 per hour College Graduate - $20 per hour Small Busin

INFORMATION SHEET. ALL INTEREST CALCULATIONS ARE BASED ON SIMPLE INTEREST I = prt (reminder: TIME is always in years). WAGES High School Drop Out - $9 per hour High School Graduate - $12 per hour College Graduate - $20 per hour Small Business Owner - $32 per hour.

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WAGES High School Drop Out - $9 per hour High School Graduate - $12 per hour College Graduate - $20 per hour Small Busin

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  1. INFORMATION SHEET ALL INTEREST CALCULATIONS ARE BASED ON SIMPLE INTEREST I = prt(reminder: TIME is always in years) WAGES High School Drop Out - $9 per hour High School Graduate - $12 per hour College Graduate - $20 per hour Small Business Owner - $32 per hour All payments made are based on your monthly NET salary. UTILITIES (based on square footage of home) 1000 – 1500 Square feet = 6% of net income 1501 – 2000 Square feet = 7% of net income 2001 – 2500 Square feet = 7.5% of net income 2501 – 3000 Square feet = 8% of net income INTEREST RATES Home – 4.75 % 30 year mortgage Automobile: New – 2.5 % 5 year loan Used – 4.5 % 5 year loan FOOD Food cost is 10 % of your MONTHLY NET salary.

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