Compute the debt to credit ratio for a young man name John. He currently has a $15,000 car loan, $100,000 house loan and $3,000 in credit card debt. His total avaiable credit is $ 154815. Write your answer as a decimal that is accurate to two decimal places.
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- Anthony has a Visa card with a $33,500 limit, a MasterCard with a $22,000 limit, a Chase Card with a limit of $17,000 and a Discover card with a $37,500 limit. Anthony has accumulated the following balances on his credit cards: Visa card: $19,299, MasterCard: $19,952 Chase card: $2,000 Discover card: $3,886 What is Anthony’s debt-to-credit ratio?Assume that Louisa carried an average balance of $1,000 from her credit card purchases over the past year. The A.P.R. on her credit card for the past year was 19.99%. Approximately how much interest would Louisa have paid over the course of the year? She would have paid interest charges of $2,000. She would have paid interest charges of $20. The credit card company would have paid Louisa $20. She would have paid interest charges of $200.Hypothetically, Suppose that a monthly net income is $3,340. Your monthly debt payments include your student loan payment and a gas credit card. They total $1,002. What is your debt payments-to-income ratio? I do not know how to enter the answer as a percent rounded to the nearest whole number. please help
- Chloe Young is evaluating her debt safety ratio. Her monthly take-home pay is $3,320. Each month, she pays $380 for an auto loan, $120 ona personal line of credit, $60 on a department store charge card, and $85 on her bank credit card. Complete Worksheet 6.1 by listing Chloe’s outstanding debts, and then calculate her debt safety ratio. Given her current take-home pay, what is the maximum amount of monthly debtpayments that Chloe can have if she wants her debt safety ratio to be 12.5 percent? Given her current monthly debt payment load, what would Chloe’s take-home pay have to be if she wanted a 12.5 percent debt safety ratio?Chris and Karen have a combined take-home income of $5,000. Their total monthly payments on consumer debt are $875. What is their debt safety ratio? Are they exhibiting any sign of approaching credit problems?Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”?
- Alyssa Clark is evaluating her debt safety ratio. Her monthlytake- home 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 Alyssa’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 Alyssa can have if she wants her debt safety ratio to be 12.5 percent? Given her current monthly debt payment load, what would Alyssa’s take-home pay have to be if she wanted a 12.5 percent debt safety ratio?As Kate borrowed an amount of 15,000 Php from a lending company that charges a simple interest rate of 11%. What is the rate of interest? and What is the initial or principal amount?If an entrepreneur applies for a loan amounting to ₱ 500,000 in a bank, the simple interest of which is ₱ 157,500 for 3 years, what interest rate is being charged?
- Natalia has a monthly net income of $1,400. She has a house payment of $600 per month, a car loan with payments of $300 per month, a Visa card with payments of $60 per month, and a credit card with a local department store with payments of $32 per month. What is Natalia’s debt payment-to-income ratio? Is she within range of what experts suggest you spend on consumer credit payments?Give typing answer with explanation and conclusion Dave borrowed $700 for one year and paid $49 in interest. The bank charged him a $9 service charge. What is the finance charge on this loan?Translate to a system of equations and solve. After four years in college, Josie owes $65,800 in student loans. The interest rate on the federal loans is 4.5% and the rate on the private bank loans is 2%. The total interest she owes for one year was $2,728.50. What is the amount of each loan? federal loans private bank loans