Question
What is the debt payments-to-disposable income ratio? Liquid assets = $10,000 Home value = $210,000 Investment assets = $90,000 Personal property = $20,000 Short-term debt
What is the debt payments-to-disposable income ratio?
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
What is the debt payments-to-disposable income ratio? Is it (1300+250) / 6800 ?
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
