Louis had the following cash flow items: Cash flow from operations ............................... $40,000 Interest payments ............................................. 6,000

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Louis had the following cash flow items:

Cash flow from operations ............................... $40,000

Interest payments ............................................. 6,000

Total interest and debt payments ........................... 9,000

If Louis is in the 30 percent tax bracket, how many times are fixed payments earned?

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Personal Financial Planning

ISBN: 978-1259277184

2nd edition

Authors: Lewis J. Altfest

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Question Posted: May 05, 2017 10:19 AM

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Louis had the following cash flow items: Cash flow from operations ............................... $40,000 Interest payments ............................................. 6,000

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