Sophia and marcel just found out that they need a new roof and that it will cost $20,000. this will lead to excessive debt due to:

Final answer:

Sophia and Marcel will incur excessive debt of $20,000 due to the cost of a new roof. Excessive debt refers to owing more money than one can afford to repay, causing financial difficulty. It is important to carefully consider financial implications before taking on large expenses or debts.

Explanation:

In this scenario, Sophia and Marcel need a new roof which will cost $20,000. This expense will lead to excessive debt for them. Excessive debt refers to the situation where individuals or entities owe more money than they can afford to repay, resulting in financial difficulty.

For example, let's say Sophia and Marcel have a combined income of $50,000 per year. If they take out a loan or use credit to pay for the new roof, they will now have an additional $20,000 debt on top of their regular expenses and other debts. This can lead to financial stress as they have to make additional payment obligations and may struggle to make ends meet.

It is important for individuals to carefully consider the financial implications before taking on large expenses or debts. In this case, Sophia and Marcel may want to explore alternative options such as saving up for the roof or finding lower-cost roofing solutions to avoid excessive debt.

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