Homework Answers
Best buy credit card payment = $144
Motorcycle Payment = $178
Mortgage Payment = $750
Credit Card Payment = $49
Total Debt = 144 + 178 + 750 + 49 = $1121
Take Home Salary = $2159
Hence, Debt Limit Ratio = Total Debt / Total Salary Limit = 1121/2159 = 0.5192 or 51.92%
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