Q2: C)

As a recently- graduated finance major embarking on a career in investment banking, you naturally must own aBenz immediately.The car cost $56,640.You also must spend $6,496 on blue pin-stripe suits.Your salary this year is $84,000, and next year it will be $92,000.Your routine living expenses this year will be $68,000.You plan to make up the difference between current income and current consumption by getting a loan at a rate of 14%.You intend to repay the loan, plus interest, in one year.How much will you have left to spend next year?