Any amounts left over will be saved for purchase of boat

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Jim and Alice Lange employess at Walmart have put themselves on a strict budget. There goal at the years end is to buy a boat for $20,000 in cash. Their budget includes the following 41% food and lodging 14% entertainment 10% educational Jim earns $2,000 per month and Alice earns $2,200 per month. After 1 year will Jim and Alice have enough cash to buy the boat? (Assume that any amounts left over will be saved for purchase of boat)

Reference no: EM131021703

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