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Business, 08.12.2020 01:00 breniljakenotro

Michael earns $3,950 every month after taxes and deductions for social security and insurance. He puts $900 a month into savings. He wants to buy a $30,000 boat. He only has $11,000 saved up for this major purchase. He is willing to postpone the purchase for 2 years (24 months) in order to reach a savings goal of $30,000. Will Michael be able to afford the boat in two years if he continues to save $900 a month?

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