15.If you have a job making minimum wage at $7.25 an hour, how many hours do...

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15.If you have a job making minimum wage at $7.25 an hour, how many hours do you need to work per month just to pay your car expenses? How many hours do you need to work per week to pay your car expenses (assuming there are 4 weeks per month)? Make sure to answer both questions. (Hint: To calculate your car expenses, divide your Grand Total by 12) Show your work. 16. How many hours do you need to work per month and per week if you make $8.25 an hour? Show your work. 17. How many hours do you need to work per month and per week if you make $10.00 an hour? Show your work. 18. Complete the chart for the yearly cost of the car. In the space below write the Grand Total and the cost of the car over the life of the loan (Super Grand Total). Based on your calculations do these figures make sense? Discuss whether these numbers are higher or lower than you expected and whether you personally would be able to afford this vehicle. Make sure you consider and discuss other life expenses. All verbal responses must be in complete sentences. Your response should be at least 6 sentences. Grand Total: Super Grand Total: 19.Review your answers from number 16, 17 and 18. Based upon the information from your car calculations, would an individual be able to afford this car if they earned $7.25 per, $8.25 per hour or $10.00 per hour? Give details to justify your reasoning and discuss your options. Make sure you consider and discuss other life expenses. All verbal responses must be in complete sentences. Your response should be at least 6 sentences. 15.If you have a job making minimum wage at $7.25 an hour, how many hours do you need to work per month just to pay your car expenses? How many hours do you need to work per week to pay your car expenses (assuming there are 4 weeks per month)? Make sure to answer both questions. (Hint: To calculate your car expenses, divide your Grand Total by 12) Show your work. 16. How many hours do you need to work per month and per week if you make $8.25 an hour? Show your work. 17. How many hours do you need to work per month and per week if you make $10.00 an hour? Show your work. 18. Complete the chart for the yearly cost of the car. In the space below write the Grand Total and the cost of the car over the life of the loan (Super Grand Total). Based on your calculations do these figures make sense? Discuss whether these numbers are higher or lower than you expected and whether you personally would be able to afford this vehicle. Make sure you consider and discuss other life expenses. All verbal responses must be in complete sentences. Your response should be at least 6 sentences. Grand Total: Super Grand Total: 19.Review your answers from number 16, 17 and 18. Based upon the information from your car calculations, would an individual be able to afford this car if they earned $7.25 per, $8.25 per hour or $10.00 per hour? Give details to justify your reasoning and discuss your options. Make sure you consider and discuss other life expenses. All verbal responses must be in complete sentences. Your response should be at least 6 sentences.

Answer rating: 100% (QA)

15 To calculate the number of hours needed to work per month to pay for car expenses Ill divide the ... View the full answer