1. From each paycheck of your afterschool job, you're able to save $45 toward the coat. You get paid twice a
month. How many months will it take you to save enough money to buy your North Face jacket?Using this strategy, how will inflation impact your ability to buy the jacket?

Respuesta :

Answer:

1. 4 months.

2. Makes jacket more expensive

Explanation:

You get paid twice a month which means that you can save:

= 45 * 2

= $90 per month

The jacket is $350 so it will take:

= 350/90

= 3.88

= 4 months to afford it.

4 * 90 = $360

Assuming there is inflation in those 4 months, it will make the price of the jacket rise and if the inflation rate is such that the price rises past $360, you will be unable to afford the jacket at that point in time and will have to wait to be paid again.