4. Calculating Net Worth and Determining a Safe Credit Limit. a. Calculate your net worth based on...

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4. Calculating Net Worth and Determining a Safe Credit Limit.

a. Calculate your net worth based on your present assets and liabilities.

b. Refer to your net worth statement and determine your safe credit limit. Use the debt payments–to–income and debt-to-equity formulas. (Obj. 3)

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Personal Finance

ISBN: 9780073530697

10th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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