When budgeting for your immediate needs, you should divide them into what two categories of expenses

discretionary and fixed expenses.

Explanation:

The primary expenses of any organization are broken down into fixed and discretionary. Fixed expenses refer to commitments established in the legislation: individual rights (social security, social assistance, unemployment insurance, etc.) constitutional minimum, bonds and salaries of civil servants, for example. Discretionary expenses are those over which the organization has some degree of decision, such as flow control expenses, for example.

In summary, when planning your immediate needs, you should divide them into two categories of expenses: discretionary and fixed expenses.

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

answer; depth;