Chapter $6$

Financial Planeving Exercise $4$

Use Worksheet $6\mathrm{.}1.$ Katherine Hunt is evaluating her debt safety ratio. Her monthly take$-$home pay is $$3,550.$ Each month, she pays $$440$ for an aute loan, $$100$ on a personal line of ordi, $$45$ Evaluatisy debt salety ratio on a department store charge card, and $$110$ on her bank credit card. Complete Worksheet $6\mathrm{.}1$ by bsting Kathenne's outstanding debles, and then calculate her dete salery ratio to $1$ decimal place. Enter debt safety ratio as a percentage.

Given her current take$-$horme pay, what is the maximum amount of monthly debe payments that Katherine can have

Chapter $6$

Financial Planeving Exercise $4$

Use Worksheet $6\mathrm{.}1.$ Katherine Hunt is evaluating her debt safety ratio. Her monthly take$-$home pay is $$3,550.$ Each month, she pays $$440$ for an aute loan, $$100$ on a personal line of ordi, $$45$ Evaluatisy debt salety ratio on a department store charge card, and $$110$ on her bank credit card. Complete Worksheet $6\mathrm{.}1$ by bsting Kathenne's outstanding debles, and then calculate her dete salery ratio to $1$ decimal place. Enter debt safety ratio as a percentage.

Given her current take$-$horme pay, what is the maximum amount of monthly debe payments that Katherine can have