tati1496
Answered

Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

You are a recent college graduate who has just landed your first job. The company that hired you has
agreed to pay you $50,000 a year. It has been recommended that the value of your car(s) do not exceed 50% of your income. With this rule in mind what is the maximum value that your car(s) can be worth?

Sagot :

Nyctalus

Answer:

$25,000

Explanation:

In the given case, the annual income that the new graduate is expecting to get is $50,000 and he or she has been told that the maximum they can spend for a car in terms of value of their 50% of the income. Hence the maximum value that the car that we purchase is the worth of $25,000. Hence, the correct answer is $25,000.

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.