Debt Safety Ratio Kyoko wants to determine her current debt safety ratio. Her monthly take-home pay is $5,000. She compiled the following monthly loan payment information: Type of Loan Payment Amount Auto $525 Student 75 Credit cards 150 House mortgage 1,600 Total $2,350 and include her house The total monthly loan payments figure Kyoko will use when computing her debt safety ratio is $ mortgage. Kyoko's debt safety ratio is % and considered Kyoko's debt safety ratio changed to 20%. Her take-home pay must have or her monthly loan payments must have Lenders may now be Willing to give her a loan than they were before this change. How can periodically computing one's debt safety ratio be useful? Check all that apply. It can influence decisions about looking for a higher or lower-paying job. It can serve as an early warning system of approaching financial trouble, providing time to take preventive measures. It can influence decisions whether to return to school, if a loan will be needed to pay for it. Kenji's credit card has a variable interest rate, within a defined range, that changes periodically. The rate that the financial institution that issued his card uses as a basis to determine the current interest rate is called the base rate. The interest rate that applies to the credit card is computed as the sum of the base rate plus a certain percentage. According to the terms of his card, the interest rate is the base rate plus 7% Further, the minimum interest rate is 10%, and the maximum interest rate is 16%. If the computed rate is less than or equal to 10%, he'll be charged 10%. If the computed rate is greater than or equal to 16%, he'll be charged 16%. If the computed rate is between 10% and 16%, he'll be charged the computed rate. Today, the base rate is 5%. What is Kenji's interest rate today? % In addition to interest charges, under certain circumstances, Kenji could be subject to any of the following other fees and charges: . Late payment fees Over-the-limit charges Foreign transaction fees Balance transfer fees foreign transaction fees For each of the following situations, choose the fee that most closely late payment fees balance transfer fees Kenji's credit card is issued in the country where he is a citizen. Du nother continent, he used his credit card to pay for lodging, meals, and tourist attractions. Kenji will likely be charged For each of the following situations, choose late payment fees applies Kenji's credit card is issued in the countr balance transfer fees ring a recent vacation to another continent, he used his credit card to pay for lodging, meals, and tourist attractions. K Kenji currently carries a balance on his foreign transaction fees He's going to move his Visa balance to a MasterCard card that charges a lower interest rate. Kenji will likely be charged Kenji's credit card payment was due on June 20. He made a payment on June 21, Kenji will likely be charged
