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