Jon earns a gross income of $42,000 per year as a young engineer. his debt payments, including student loan and mortgage payments, are $1,200 per month. how much more can he take on in monthly debt payments and not go over the dangerous 40 percent ratio of debt payment to gross income?

Question

11-01-2018
Business

contestada

Jon earns a gross income of $42,000 per year as a young engineer. his debt payments, including student loan and mortgage payments, are $1,200 per month. how much more can he take on in monthly debt payments and not go over the dangerous 40 percent ratio of debt payment to gross income?

Respuesta :

Otras preguntas

Reading and writing as social activities that reflect the culture and community in which students live are a feature of which learning theory?

How many triangles exist that fit the following criteria? B=105°,b=5,a=4

Sandy cuts lawns in her neighborhood during the summer. when sandy brought 4.5 gallons of gasoline for the mower the pump showed a charge of 18$ what was the ga

The compound C₇H₈ undergoes the following reactions:C₇H₈ → 3Cl₂/∆ → A → Br₂/Fe → B → Zn/HCl → CThe product 'c' is:A. 3-bromo-2, 4, 6-trichlorotolueneB. 0-bromot

In a second experiment the nitrogen monoxide gas produced in the reaction occupied 638 cm³ at 101 kpa and 298 k. calculate the amount, in moles, of no gas produ

Active directory uses two broad categories of objects to represent the various components of a network: - Network resources - Security PrincipalsDrag the catego

1.2 c) Write z in polar form. Two complex numbers are represented in the Argand diagram below. Use the diagram to answer the questions that follow. 50° Z2 32°

The volume of concentrated h2so4 whose density is 1.84gcm-3 and which contains 98y wt of h2so4 that must be diluted with water prepare 100cm3

Which of the following equations have graphs that are parallel to the graph of the equation y equals start fraction three over two end fraction x plus seven que

Kalahira Kalahira · Answer 1 · 2018-01-23T23:58:08+01:00

Kalahira Kalahira

23-01-2018

He can take on $200 more debt per month before crossing the 40% ratio debt payment to gross income. Calculate by finding 40 percent of gross income (42,000 x 0.4 = 16,800/year) and current debt payment (1,200 * 12 = 14,400). Find the difference (16,800-14,400 = 2,400). Divide by 12 to get monthly possible increase (2,400 / 12 = 200).

Answer Link

whatever110 whatever110 · Answer 2 · 2019-07-22T00:08:02+02:00

whatever110 whatever110

22-07-2019

Answer:

Jon can only take on $100

Explanation:

Answer Link