Louise McIntyres monthly gross income is $3,900. Her employer withholds $860 in federal, state, and local income taxes and $410 in Social Security taxes per month. Louise contributes $260 each month for her IRA. Her monthly credit payments for VISA and MasterCard are $145 and $185, respectively. Her monthly payment on an automobile loan is $295.

What is Louise's debt payments-to-income ratio? (Enter your answer as a percent rounded to 2 decimal places.)

IF I GET THE SAME AWESOME PERSONS HELP AS I GOT WITH THE

After visiting several automobile dealerships...question, I forgot to include:

D) What is the annual percentage rate (APR)?

Question

Louise McIntyres monthly gross income is $3,900. Her employer withholds $860 in federal, state, and local income taxes and $410 in Social Security taxes per month. Louise contributes $260 each month for her IRA. Her monthly credit payments for VISA and MasterCard are $145 and $185, respectively. Her monthly payment on an automobile loan is $295.

What is Louise's debt payments-to-income ratio? (Enter your answer as a percent rounded to 2 decimal places.)

*IF I GET THE SAME AWESOME PERSONS HELP AS I GOT WITH THE*

After visiting several automobile dealerships...question, I forgot to include:

D) What is the annual percentage rate (APR)?

Accepted Answer

The Answer is in the image, click to view ...

Question

Louise McIntyres monthly gross income is $3,900. Her employer withholds $860 in federal, state, and local income taxes and $410 in Social Security taxes per

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Risk Management In Forex How To Minimize Losses And Maximize Returns