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Given the following, what is the savings ratio? Item Annual Amount/Value Gross income $120,000 Home $450,000 Mortgage $360,000 Stock portfolio $65,000 Disposable income $80,400 Bank
Given the following, what is the savings ratio?
Item | Annual Amount/Value |
Gross income | $120,000 |
Home | $450,000 |
Mortgage | $360,000 |
Stock portfolio | $65,000 |
Disposable income | $80,400 |
Bank accounts | $16,000 |
Credit card balances | $2,000 |
Automobile | $30,000 |
Automobile loan | $20,000 |
Total expenses | $76,000 |
Automobile 2 | $20,000 |
- 3.00%
-
19.90%
-
5.47%
-
3.67%
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