1. The Cost of Living inDetroit, Michigan
Michelle Chan
Christopher Wong

2. Detroit, Michigan
Location
3. Total Income: initial and post-tax
Christopher Wong
Michelle Chan
4. Savings
Christopher Wong
(10% of adjusted income = $3,065.00)
Savings account at Bank of America in Detroit: $2,065.00
APY = 0.05% for a regular account
No monthly fee
Checking account at Bank of America in Detroit: $1,000.00
Michelle Chan

(10% of adjusted income = $5,065.00)

5. Savings account at Bank of America in Detroit: $4,065.00 6. APY = 0.05% for a regular account 7. No monthly fee 8. Checking account at Bank of America in Detroit: $1,000.00