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Liquid assets = $10,000 Home value = $210,000 Investment assets = $90,000 Personal property = $20,000 Short-term debt = $5,500 Mortgage debt (30 yr.)= $170,000
Liquid assets = $10,000
Home value = $210,000
Investment assets = $90,000
Personal property = $20,000
Short-term debt = $5,500
Mortgage debt (30 yr.)= $170,000
Short-term debt payments = $250/month
Mortgage debt payments = $1,300/month
Gross income = $9,000/month
Disposable income = $6,800/month
Expenses = $6,000/month
PLEASE SHOW WORK
Using questions 1-4 facts, calculate the Net Worth, assets-to-debt ratio, debt payments-to-disposable income ratio, and investment assets-to-total assets ratio.
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