Business, 21.04.2020 19:52 MoneyMike42

Directions: Solve the following problems using the 20/10 Rule.
11. Lou and Janice have a combined monthly net income of $3,800. Their fixed monthly
expenses consist of $675 for rent. They also have an outstanding student loan balance of $4,000, a car
payment of $120 each month, and a balance of $700 for the computer they bought last month.
How much more debt can they take on and still be within a safe debt load? (First, you must calculate
annual car payment!)

Answers: 3

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Directions: Solve the following problems using the 20/10 Rule.
11. Lou and Janice have a combi...