Question: Jim and Alice Lange, employees at Walmart, have put themselves on a strict budget. Their goal at year's end is to buy a boat for

Jim and Alice Lange, employees at Walmart, have put themselves on a strict budget. Their goal at year's end is to buy a boat for $17,000 in cash. Their budget includes the following:

46% food and lodging

21% entertainment

10% educational

Jim earns $1,600 per month and Alice earns $2,600 per month. After 1 year, will Alice and Jim have enough cash to buy the boat? (Assume that any amounts left over will be saved for purchase of boat.) __________________they will have saved, _______________

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