Business, 02.03.2021 09:00 Conner5459

3.Tori is 21 years old and works part-time and has take-home pay of $13,000 per year. She has to pay 18% in taxes. In a month she pays $450 for rent and utilities, $150 on food, $40
for car insurance, $50 for clothing and personal care, and $150 for entertainment. She
owns a car that works fine, but would like an upgrade. She has $2,000 in a savings
account for emergencies. Tori would like to trade in her car for a new pre-ouned car
priced at $8,000 (including the deduction for the value of her current car). She will use
$1,000 from her emergency savings, but needs to save up the remaining $7,000 as she does
not want to borrow any money for this car purchase. Approximately how long will it
take Tori to save up for this automobile purchase?

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3.Tori is 21 years old and works part-time and has take-home pay of $13,000 per year. She has to pa...

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