You and your $67,500 annual salary are ready for the real world. You elect an extended repayment
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You and your $67,500 annual salary are ready for the real world. You elect an extended repayment plan on your $15,000 in subsidized student loan debt, repayable at an APR of 3.86%. You borrow $22,500 for a new car, and receive a 6-year loan at 1.98% APR. Car insurance costs $1,100/semiannually. You rent an apartment for $800/month, plus you're paying $150/semiannually for renters' insurance. You also have the following other utility payments to make... Water: $81/quarter Oil: $65/month Sewer: $42/quarter Electric: $125/month TV/internet: $75/month Cell phone: $45/month Calculate your D/I ratio, to the nearest tenth of a percent.
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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