Nancy Is Paid $2,000 Biweekly (26 Pays Per Year)in Her

question 10

Essay

Nancy is paid $2,000 biweekly (26 pays per year)in her job as a market researcher.Her expenses are $400 per month rent on her apartment,$100 per month for food,and $100 per month for utilities.Nancy also has student loans on which she makes monthly payments of $200.Nancy is considering the purchase of a new car,but also is very determined to save at least 50% of any budget surplus each month.If Nancy adheres to this savings plan,how much would she have available each month for a car payment.Round to the nearest dollar.
(a)$3533
(b)$1766
(c)$1600
(d)None since there is a budget deficit

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Definitions:

3-Bromopentane

An organic compound with a five-carbon chain and a bromine atom attached to the third carbon.

Pent-2-ene

An alkene with the formula C5H10, featuring a double bond between the second and third carbon atoms in the five-carbon chain.

Cyclohexanol

Cyclohexanol is a six-membered cyclic compound where one hydrogen atom is replaced by a hydroxyl group, primarily used as a precursor to nylon.

Sulfuric Acid

A strong mineral acid with the molecular formula H2SO4, widely used in industry and laboratory settings for its dehydrating, oxidizing, and sulfonating properties.