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Help!! is it $486?

Jose's only debt obligations are a car loan payment of $436 and a credit card payment of $50 every month. What is the minimum amount of money he must take home every month in order to avoid being in danger of credit overload?

2 Answers

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Answer: 2430

Step-by-step explanation: APEX Quiz

User Cowboydan
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He needs to take home 5 times the amount he has to pay in order to avoid being in danger of credit overload.
So, if Jose has to pay $436 for car loan and $50 for credit card, that means this:
436 + 50 = 486
486 * 5 = 2430

The minimum amount of money he must take home every month is $2430.
User Rashidul Islam
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