You just graduated and accepted the job of your dreams. You will be making $4,000 a month
Question:
You just graduated and accepted the job of your dreams. You will be making $4,000 a month and renting an apartment that will cost you $950 a month. You have no other debt.
a) What amount can you afford for a car payment?
b) What amount can you afford for a car payment if you also have a student loan payment of $250 a month and credit card payments of $200 a month?
c) What could you do if you wanted to buy a more expensive car?
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a The maximum monthly debt payments you can afford is 36 of your monthly gro...View the full answer
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Related Book For 
Personal Finance Building Your Future
ISBN: 978-0073530659
1st edition
Authors: Robert B. Walker, Kristy P. Walker
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