Question: Evaluating debt safety ratio. Use Worksheet 6 . 1 . Alyssa Clark is evaluating her debt safety catio. Her monthly take - home pay is

Evaluating debt safety ratio. Use Worksheet 6.1. Alyssa Clark is evaluating her debt safety catio.
Her monthly take-home pay is $3,320. Each month, she pays $380 for an auto loan, $120 on a per
sonal line of credit, $60 on a department store charge card, and $85 on her bank credit card. Com-
plete Worksheet 6.1 by listing Alyssa's outstanding debts, and then calculate her debt safety ratio.
Given her current take-home pay, what is the maximum amount of monthly debt payments that
Alyssa can have if she wants her debt safety ratio to be 12.5 percent? Given her current monthly
debt payment load, what would Alyssa's take-home pay have to be if she wanted a 12.5 percent
debt safety ratio?
 Evaluating debt safety ratio. Use Worksheet 6.1. Alyssa Clark is evaluating

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