Question

Joseph’s monthly rental fees are $900 a month, monthly heating costs of $75, credit card payments of $50 per month. His monthly income is $2 800. Calculate the maximum amount of money Joseph can spend on a vehicle.

Answer 1

Quick question, how long is Joseph saving for? If it's 1 money of saving, he can spend $1,775 and if he saves for 1 year he can spend up to 21300.