Alpha Geek

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    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

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    Polytechnic State University
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Category > Business & Finance Posted 03 Aug 2017 My Price 7.00

Use Worksheet 6.1. Beverly Smitham is evaluating her debt safety ratio. Her monthly takehome pay

 Beverly Smitham is evaluating her debt safety ratio. Her monthly takehome pay is $3,320. Each month, she pays $380 for an auto loan, $120 on a personal line of credit, $60 on a department store charge card, and $85 on her bank credit card. Complete Worksheet 6.1 by listing Beverly’s outstanding debts, and then calculate her debt safety ratio. Given her current take-home pay, what is the maximum amount of monthly debt payments that Beverly can have if she wants her debt safety ratio to be 12.5%? Given her current monthly debt payment load, what would Beverly's take-home pay have to be if she wanted a 12.5% debt safety ratio?

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 03 Aug 2017 02:08 PM My Price 7.00

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