How much will be spent to provide housing for the child

Assignment Help Mathematics

Reference no: EM13189043

An average middle-income family will send $242,190 to raise a child born 2004 from birth to age 17. The amount spent is broken up into categories: Housing is 36%, Food is 15%, Child Care is 11%, Health Care is 7%, Clothing is 6%, and Miscellaneous is 11%. To the nearest dollar, how much will be spent to provide housing for the child?

Reference no: EM13189043

Questions Cloud

Are rye bread and wheat bread substitute or complements : Let the market demand for rye bread be given by Q = 500 I - 250Prye 400Pwheat, where Q is monthly demand in number of loaves, I is average monthly income in dollars, Prye is the price of a loaf of rye bread, and Pwheat is the price of a loaf of wh..

How much must be saved in fuel cost each year : The national highway traffic safety administration.raised the average fuel efficiency standard to 35.5 miles per gallon for cars and light trucks by the year 2016. The rules will cost consumers an average of $434 extra per vehicle in the 2012 mode..

Find the grade of the peak : base elevation of 8700 ft, mountain peak in colorado rises 14407 ft over distance of 15844 ft. find the grade of the peak.

What is the present worth of the savings per unit : A manufacturer of off-road vehicles is considering the purchase of dual -axis inclinometers for instalation in a new line of tractors. The distributor of the inclinometers is temporarily overstocked and is offering them at a 40% discount from the ..

How much will be spent to provide housing for the child : Health Care is 7%, Clothing is 6%, and Miscellaneous is 11%. To the nearest dollar, how much will be spent to provide housing for the child?

Obtain a linear demand equation : Pack-Em-In has another development in the works. If it builds 50 houses in this development, it will be able to sell them at $250,000 each, but if it builds 110 houses, it will get only $190,000 each. Obtain a linear demand equation.

What is the annual compound interest rate for an investment : What is the annual compound interest rate for an investment modeled by the function y=12*1.18x?

Estimate natural unemployment rate : A spike in the unemployment rate - the biggest in more than two decades - raised new concerns Friday that a weak labor outlook, high oil prices and continuing woes in the housing and credit markets are leading the U.S. economy into a painful reces..

How does this development affect money demand : Suppose a Treasury bond costs $100 and promises a payment of $105 in 1 year. A bond from the Acme Corporation costs $100 and promises $107 in a year. Assume that Acme pays the $107 with probability p. With probability 1 - p, Acme defaults and pays..

User Account

All Pages