To help Janette cover her college expense, parents provide Janette with a monthly allowance of
$340. Besides, Janette earns $600 per month from the part-time job. Janette has to pay $200 in rent
expense and $ 75 per month for her car insurance. Janette plans to spend monthly $80 on clothes,
$50 for personal care, and $100 for entertainment. Janette also estimates her monthly eating out
expense at $140, and she expects that $100 will be enough to cover all her other spending. Given
that Janette follows the above income/spending schedule, how much can she put aside within eight
months? Assume Janette puts the amount she put aside within eight months on the account that
earns 4.75% per year, compounded annually. What would be the balance of this account in five
years? Round your answers to the nearest dollar. Show your work.

You are to solve several tasks and provide explanations to your answers. Note that the solution itself is not counted as a completed assignment in the correct way. Please find the document with the required tasks attached.

Required file format: Word document. Handwritten tasks won't be accepted. Please, see the example of a good task attached.