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? joaquin should put the money in savings because retirement is expensive and he should have every penny he can. joaquin should put the money in savings because it will grow quickly with interest that he can use in retirement. joaquin should take the class because a promotion will mean a larger salary over the long - term compared to a single cash advantage. joaquin should take the class because $3,000 is too small of an amount to bother putting away for retirement.

Explanation:

The question is about making a financial - related decision regarding vocational training, promotion, and retirement savings. Investing in training may lead to a promotion and higher future earnings, while saving money can grow with interest for retirement. Considering long - term career and financial goals is important.

Answer:

Joaguin should take the class because a promotion will mean a larger salary over the long term compared to a single cash advantage.