Dominik has a monthly net income of $1,860. his fixed monthly expenses consist of a rent payment of $450. he is paying off a student loan of $280 per month. dominik would like to buy a new flat screen television set using a retail credit card. what is the largest monthly payment dominik can afford for the television set so that his credit card payments and student loan keep him within a recommended limit of 20%? 2.

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Business

Maia Escobar

29 August, 19:20

Dominik has a monthly net income of $1,860. his fixed monthly expenses consist of a rent payment of $450. he is paying off a student loan of $280 per month. dominik would like to buy a new flat screen television set using a retail credit card. what is the largest monthly payment dominik can afford for the television set so that his credit card payments and student loan keep him within a recommended limit of 20%? 2.

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Jazlynn Horton · Answer 1

In the first place, every one of the inquiries identifies with remaining inside the prescribed month as far as possible for obligation. So for each question what 10% of the month to month net wage is. That is the beginning stage. For question 2, you have to figure what 20% of the yearly pay is moreover.

Presently, utilize the data in each question to include what the present obligation is every month, recalling that lodging doesn't number toward the 10%.

How about we stroll through question 3. Yen has the wage of $3722 every month. 10% of that is $372. Yen's month to month obligation installments are $299 + $173 (recall, don't tally lease) which indicates $472. Are Yen's obligation installments over 10% of her month to month net wage? Yes, by precisely $100. So Yen is over as far as possible.