You are a single person earning $660 per week before tax You are able to stay rent free in a flat adjoining your parent’s house provided you furnish it with an upright >280 litre capacity refrigerator, washing machine (at least 5kg load capability), television and a sound system. You already have a bed, cooking utensils and crockery. However you must pay for the running costs of your vehicle, you cannot use a bicycle. Your parents will provide you with your meals until you get on your feet although snacks and entertainment costs are still your own responsibility. All items purchased must be brand new and purchased from a reputable local retail outlet. Required You need to use the income tax tables obtainable from the ATO Web site to calculate your net income to establish whether you can afford your purchases. Obtain two quotes for each item listed above Research the prevailing fixed interest rate for the purchase on credit of these goods over three years Use simple interes