Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A person has $1,170 in liabilities, monthly savings of $210, and monthly gross income of $2,400. What is the person's savings ratio? (Round your answer

A person has $1,170 in liabilities, monthly savings of $210, and monthly gross income of $2,400. What is the person's savings ratio? (Round your answer to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

If Youre So Smart Why Arent You Rich A Guide To Investing Fundamentals

Authors: Ben S. Branch

1st Edition

0275990281, 978-0275990282

More Books

Students also viewed these Finance questions

Question

=+National defense 740.8 Nondefense 483.9 State and local 1,958.8

Answered: 1 week ago

Question

1. Television more Over watching faceing of many problems ?

Answered: 1 week ago

Question

Is there a link between chronic stress and memory function?

Answered: 1 week ago