1 LUCA makes $58,000 per year, is single, and lives in Seattle, WA. He has $27,000 in unsubsidized federal loans, but he's
got another $62,000 in private student loans and lives in an expensive neighborhood, so his rent is high. He's hoping to
keep his Federal student loan payments to less than $200 per month so that his budget will work out.
Note: This calculator ONLY works for Federal student loans, so know that he must also find a way to repay his private loans, but you will not enter
those in this calculator
5. Which plan meets Luca's desire for Federal loan payments under $2007
6. Describe how this low loan repayment plan works.
7. What is a potential downside of Luca's taking this low loan repayment plan that works in his budget right now?

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.