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:

Considering long - term financial benefits, a promotion from the vocational training can lead to a higher salary over time, which is more valuable than the short - term savings or the small amount perspective.

Answer:

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