Discretionary spending is 6,000 a year and they have a home equity loan balance of 24,700 at a fixed rate of 7.75% and pay 600 per month and have car loans total of 24,000 with car payments of 400 for 3.5% and 425 for 4.0% how much discretionary spending should they cut to pay off this debt.

Answer rating: 100% (QA)

To determine how much discretionary spending should be cut to pay off the debt we first need to cal... View the full answer