Hashem just joined an insurance company with a salary of BHD 2,000 per month. He budgets a

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Hashem just joined an insurance company with a salary of BHD 2,000 per month. He budgets a monthly expenditure of BHD 700 and the remaining money will go for savings. Currently, his total credit payment is BHD 200 per month.

How would vou characterize Hashem's debt burden?

If he plans to take a loan to purchase a car with an installment of BHD 300 per month, is it a good idea? Why?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Jun 26, 2023 01:54 AM

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Hashem just joined an insurance company with a salary of BHD 2,000 per month. He budgets a

Question:

Expert Answer:

To characterize Hashems debt burden we need to consider his monthly income expenses and credit payments Hashems monthly income is BHD 2000 and his mon... View the full answer

Personal Finance

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