Question

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?

Answer 1

The answer on APEX would be $2430

Answer 2

The correct answer is $2430.

Explanation:

According to the question, Jose's expenses are at least $486 ($436 for the car loan payment and $50 for the credit card monthly payment.) It is necessary to add some other expenses related to the house, such as groceries, which in addition result in $2430, so it is the correct answer.