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23 July, 11:34

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?

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  1. 23 July, 12:20
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    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.
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Home » Business » 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?
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