How much can Jorge afford to spend on a monthly car payment if his excess monthly...
How much can Jorge afford to spend on a monthly car payment if
his excess monthly cash flow is $400, and he expects the following
monthly expenses: $42 gas, $94 insurance, and $28 for maintenance
and repairs?
$84.
$236.
$400.
There is not enough information available to answer this question.
Homework Answers
B. $236
Jorge afford to spend on a monthly car payment = $400 - $42 - $94 - $28 = $236
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