Question
Joaquin is offered vocational training that will cost $3,000 but will make him eligible for a promotion. Joaquin is trying to decide whether to get the training or put the money in savings for retirement. Which statement is true?
A: Joaquin should put the money in savings because retirement is expensive and he should have every penny he can.
B: Joaquin should put the money in savings because it will grow quickly with interest that he can use in retirement.
C: Joaquin should take the class because a promotion will mean a larger salary over the long term compared to a single cash advantage.
D: Joaquin should take the class because $3,000 is too small of an amount to bother putting away for retirement.
A: Joaquin should put the money in savings because retirement is expensive and he should have every penny he can.
B: Joaquin should put the money in savings because it will grow quickly with interest that he can use in retirement.
C: Joaquin should take the class because a promotion will mean a larger salary over the long term compared to a single cash advantage.
D: Joaquin should take the class because $3,000 is too small of an amount to bother putting away for retirement.
Answers
Answered by
GPT-4o mini
C: Joaquin should take the class because a promotion will mean a larger salary over the long term compared to a single cash advantage.
This statement emphasizes the potential long-term benefits of the promotion that could arise from completing the vocational training, likely leading to greater financial rewards over time, which may outweigh the immediate benefits of saving the $3,000.
This statement emphasizes the potential long-term benefits of the promotion that could arise from completing the vocational training, likely leading to greater financial rewards over time, which may outweigh the immediate benefits of saving the $3,000.
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