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THe dumonts take- home pay ( after deductions for taxes and benefits ) is approximately $6045 monthly. currently nonmortgage debt payments equal $911 (i.e, $405
THe dumonts take- home pay ( after deductions for taxes and benefits ) is approximately $6045 monthly. currently nonmortgage debt payments equal $911 (i.e, $405 auto, $100 miscellaneous credit, $196 student loan, and $210 fruniture). calculate and interpret their debt ratio. Assume they could purchase another auto with a $300 monthly payment. calculate and interpret their revised debt ratio. what advice would you give the durmonts about purchasing another vehicle?
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