What is the maximum amount of monthly debt payments

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Reference no: EM132046590

Alyssa Clark is evaluating her debt safety ratio. Her monthly take-home pay is $2,820. Each month, she pays $320 for an auto loan, $140 on a personal line of credit, $50 on a department store charge card, and $75 on her bank credit card. Complete Worksheet 6.1 by listing Alyssa's outstanding debts.

Calculate her debt safety ratio. Round the answer to 1 decimal place. Enter debt safety ratio as a percentage.

Given her current take-home pay, what is the maximum amount of monthly debt payments that Alyssa can have if she wants her debt safety ratio to be 15.0%? Round the answer to the nearest dollar.

Given her current monthly debt payment load, what would Alyssa's take-home pay have to be if she wanted a 15.0% debt safety ratio? Round the answer to the nearest dollar.

Reference no: EM132046590

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