This equation illustrates your remaining funds after paying for rent and utilities. How much money is left? Explain how you arrived at your answer.

$38,250 + $80,000+ $22,250-0.25($80,000 + $38,250) = $110,937.50 I need to explain how the equation was solved

Question

This equation illustrates your remaining funds after paying for rent and utilities. How much money is left? Explain how you arrived at your answer.

$38,250 + $80,000+ $22,250-0.25($80,000 + $38,250) = $110,937.50 I need to explain how the equation was solved

anonymous · Answer

You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $80,000 loan from your family and a $38,250 small business loan. These loans must be repaid in full within 10 years. Giving you a total budget of $118,250. You will use 25% of your budget to rent business space and pay for utilities. Cost of rent and utilities $29,562.50.
an investor has increased your budget by $22,250 and the investor does not need to be repaid. Rather, he becomes part owner of your business.