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You are a recent college graduate who has just landed your first job. The company that hired you has
agreed to pay you $50,000 a year. It has been recommended that the value of your car(s) do not exceed 50% of your income. With this rule in mind what is the maximum value that your car(s) can be worth?

Answer :

NYCTALUSGO

Answer:

$25,000

Explanation:

In the given case, the annual income that the new graduate is expecting to get is $50,000 and he or she has been told that the maximum they can spend for a car in terms of value of their 50% of the income. Hence the maximum value that the car that we purchase is the worth of $25,000. Hence, the correct answer is $25,000.

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