Homeowners debt payments to take home pay ratio

Assignment Help Financial Management

Reference no: EM13894692

Experts advise that your debt payments to take home pay ratio should not exceed 20%. A homeowner has the following monthly income and expenses:

Item Value

Gross salary $2,000

Taxes/social security $ 340

Visa card payments $ 35

Mastercard payments $ 30

Discover card payments $ 20

Auto loan payments $ 385

What is the homeowner's "debt payments to take home pay" ratio?

Reference no: EM13894692

Questions Cloud

Identify as many economies of scale as you can : 1.Taking the same industries, identify as many economies of scale as you can.

Value bond outstanding with coupon rate : Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.9 percent paid semiannually and 23 years to maturity. The yield to maturity on this bond is 4.3 percent. What is the price of the bond?

What elements of the national business environment might : What elements of the national business environment might affect your move?

Bonds two years ago at coupon rate : Heginbotham Corp. issued 20-year bonds two years ago at a coupon rate of 8.6 percent. The bonds make semiannual payments. If these bonds currently sell for 107 percent pf par value, what is the YTM?

Homeowners debt payments to take home pay ratio : Experts advise that your debt payments to take home pay ratio should not exceed 20%. A homeowner has the following monthly income and expenses: What is the homeowner's "debt payments to take home pay" ratio?

Implementation and application of data structures : Implementation and Application of Data Structures

Bonds on the market with maturity : DMA Corporation has bonds on the market with 16.5 years to maturity, a YTM of 6.3 percent, and a current price of $1,036. The bonds make semiannual payments and have a par value of $1,000. What must the coupon rate be on these bonds?

Explanations for their respective shapes : 1.Both short run and long run average cost curves may be shaped, but the explanations for their respective shapes are quite different. Explain this statement.

Determine financial ratios-compare them to industry standard : Analyze Ford Motor Company’s balance sheet from its 2012 Annual Report. In your analysis, you must determine the financial ratios and compare them to industry standards.

User Account

All Pages