4. A) You have $62,000 of annual disposable income and have a 10% savings rate per...
4. A) You have $62,000 of annual disposable income and have a 10% savings rate per year. What is the amount that you managed to save?
b) What does it mean?
Homework Answers
A) Amount saved per year = 10% of $62,000 = $6,200
B) It means that you spend $55,800 and save $6,200 every year wgmhuch makes your disposable income as $62,000.
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