this is the worksheet

en geot safety ratio Use Worksheet 7.1, Edery 4 months, Sean Ma takes an inventory of the consumer debts that he has standing is to taly shows that he is awes 3.500 on a home improvement (monthly payments of $100); reis maling $75 monthly payments on a personal loan with a remaining wance 5625; he has a $2.500, secure, sngle-payment in the duele ext year, has a $75,000 home mortgage on which he's making s756 monthly payments, he start owes $12,100 on a new car loan (monthly payments of 1575) and he $1,170 helance on his poster (minimum payment of 120), 570 balance on his Exxon credit card (balance don in 30 days), and a $1,300 balance of a personal line of credit ($10 monthly payments). Us Worksheet 7.1 to prepare an inventory of Sean's consumer debt. Round the answers to the nearest cent Currently Monthly Latest Balance Type of consumer Debt Creditor Payment Due Auto loans $ Personal installment loans 5 $ Home improvement loan $ $ Single-payment loans Credit cards MasterCard $ Exxon tretail charge cards, bank cards, TE cards, etc.) Personal line of credit Totals $ $ $ 5 Find Sean's debt safety ratio given that his take home pay is $2,500 per month Round the awer to decina pa Would you consider this ratio to be good or bad? N00 1 2 AN INVENTORY OF CONSUMER DEBT 3 Name Date June 24, 2020 Current Latest Monthly Balance Due Creditor 6 Type of Consumer Debt Payment 7 Auto loans 1. $ $ 8 2. 9 3. 10 Education loans 1. 11 2. 12 Personal installment loans 1. 13 2. 14 Home improvement loan 15 Other installment loans 1. 16 2. 17 Single-payment loans 1. 18 2. 19 Credit cards (retail charge 11. 20 cards, bank cards, T&E 2. 21 cards, etc.) 3. 22 4. 5. 24 6. 25 7. 26 Overdraft protection line 27 Personal line of credit 28 Home equity credit line 29 Loan on life insurance 30 Margin loan from broker 31 Other loans 1. 32 2. 33 3. 34 Totals $ 35 36 Debt safety ratio Total monthly payments 37 x 100 Monthly take home pay x 100 = 0.0% 50 "Leave the space blank if there is no monthly payment required on a loan (e.g., as with a 39 single payment or education loan). 23