Reference no: EM132836287
Question - A client, Jake, age 29, he provided you with the following information for the year:
$100,000 = Annual gross income
$14,000 = Principal + Interest on home
$1,000 = Home Insurance
$5,000 = Real estate taxes
$40,000 = Living expenses (excluding other expenses listed here)
$12,000 = Annual Credit card payment
$5,000 = Liquid assets
$5,000 = Annual Student loan payments
$6,000 = Annual Car payment
Required - Calculate his back-end ratio?
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Calculate his back-end ratio
: A client, Jake, age 29, he provided you with the following information for the year: $100,000 = Annual gross income. Calculate his back-end ratio
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