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Markel is buying a new car but needs to keep his payments under $250.00 per month. He would also like to pay it off as quickly as possible so he can start saving for a vacation. Which option will meet both his budget and his vacation plans?

User Pongpat
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2 Answers

2 votes

Answer:

36 months

Step-by-step explanation:

User Kannix
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7 votes

Answer: apportion the remittal between both options.

Explanation:If he needs to clear the purchase of the car he needs to increase the installmental payment for the car but this would go against the $250 limit. Another option is; Since the threshold for the installmental payment for his car is $250 He could remit $200 periodically for his installments of the car and remit the balance $50 periodically for his vacation.

User Onder
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