Evaluating debt burden. Kevin Mills has a monthly take-home pay of $3,865; he makes payments of $410
Question:
Evaluating debt burden. Kevin Mills has a monthly take-home pay of $3,865; he makes payments of $410 a month on his outstanding consumer credit (excluding the mortgage on his home). How would you characterize Kevin’s debt burden? What if his take-home pay was $850 a month and he had monthly credit payments of $150?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Personal Financial Planning
ISBN: 9780357438480
15th Edition
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Question Posted: