To determine the amount of savings for your first car purchase based on your annual salary from your mathematics career, you need to consider your income, expenses, and savings rate. An average, you would save $10,000 per year towards your car purchase.
To determine the amount of savings for your first car purchase based on your annual salary from your mathematics career, you need to consider your income, expenses, and savings rate.
Let's assume your annual salary is $50,000 and you want to save 20% of your income.
That means you would save $10,000 per year towards your car purchase. However, you also need to consider your expenses and other financial goals to determine a realistic savings amount.
The probable question may be: "Based on the annual salary of $50,000, what amount should be saved per year for first car purchase"