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Dance Therapist

Real-Life Activities

Real-Life Math

You have finished dance therapy training and have decided to start your own dance therapy clinic. It was too difficult to find a job at a hospital or private clinic due to budget cutbacks to the health-care system. However, you can see a demand for dance therapy, and several classmates who graduated with you are willing to work for you.

Your present budget is $1,000,320 for the first three months to get you going until income starts to come in. You buy an existing clinic for $942,673 and decide to hire three other dance therapists at $45,000 per year, as well as a receptionist at $30,000 per year. Here is what you need to determine:

Do you have enough money to make it through the first three months? If not, how much of a loan do you need from the bank to make do?

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.