Timothy Carter has net monthly income of $3,800. He has a monthly auto loan payment of $350, a student loan payment of $150, a mortgage payment of $1,200, and a credit card minimum payment of $45. What is his debt-payments-to-income ratio

Answers

Answer 1

Answer:

45.9%

Explanation:

The computation of the debt payment to income ratio is as follows:

Income = $3,800

And,

Debt payment is

= auto loan payment + student loan payment +mortgage payment + credit card payment

= $350 + $150 + $1200 + $45

= $1745

So,  

Debt payment to income ratio is

= Debt payment ÷  income

= $1,745 ÷ $3,800

= 0.459

= 45.9%


Related Questions

Explain how growing personal income is related to economic conditions.

Answers

Answer:

see below

Explanation:

Personal income is the total earning an individual gets from wages, investments, bonuses, dividends, profits, or other ventures.  It is the sum of a household income. Personal income is calculated per period, usually one year.

Economic conditions refer to the prevailing state of a country or region's economy.  Economic conditions are ever-changing and are influenced by business cycles of expansions and contraction, government fiscal and monetary policies, macroeconomic factors, and global factors.  Governments and investor use indicators to tell the state of the economy

Economic conditions impact people's and business income. Government policies and global economics influence the level of economic activities. The expansion period has increased economic activities are leading to increased incomes. At contraction, business activities decline, resulting in reduced income.


Which of the following is NOT a primary reason for technology?
(A)Get tasks done quicker
(B)Make tasks easier
(C)Get tasks done more efficiently
(D)Make tasks more difficult

Answers

A primary reason for technology is the make a task more difficult

Answer:

D

Explanation:

technology was made so that we would do things more efficiently and with less effort, if the device that were created made tasks more difficult, we would have no need for it and it would probably be disreguarded. theres no reason to have technology that makes life more difficult

Total expenditures for coffee reached a maximum at a price of $5 per lb. At this price the demand for coffee is

Answers

Answer:

" Unitary elastic" would be the correct approach.

Explanation:

Whenever the overall spending would be at the optimal energy, the production is component elastic, since the amount spent was hardly starting to fall as well as neither increasing.  And therefore it is wonderfully sensitive to changement in price, and that's why the government spending is optimum as well as the quantity supplied would be unit elastic.  

Total expenditure then becomes the upper limit for unit quantity demanded besides coffee.

The situation that allows the broker to appoint one or more agents for the client within the same firm, is called

Answers

Answer:

Designated agency.

Explanation:

These form of professionals are seen to be run professional duties in several contracting agencies where they are assigned to. This can be seen in real estate, marketing firms, culinery agencies etc. But the above case discuss about brokers. And here this contracting firm is seen to a certain number of workers to a particular firm. In many cases, these agencies do these in a bid to circumvent the conflict of interest inherent in dual agency.

What kind of network might you have at home?
A.
LAN
B.
WAN
C.
Wireless
D.
Intranet

Answers

Answer:

d

Explanation:

intranet

D intranet

I know this because I am very smart

explain the difference between a peer to peer LAN server-based LAN

Answers

Answer:

In Client-Server Network, Centralized server is used to store the data. While in Peer-to-Peer Network, Each peer has its own data. ... In Client-Server Network, Server respond the services which is request by Client. While in Peer-to-Peer Network, Each and every node can do both request and respond for the services.

Okay, Daily Question!
My friend is telling her crush she likes him and she wanted me to come up with a ship-name? I made some suggestions but she didn't like any of them and she gave me a deadline of 3:00 to give her a 'good' one. Here are the names:
Nate/Nathan + Addy/Addison
Have any ideas?

Answers

Explanation:

Naddison

NA

Natson

Naddy

Think of a successful business and research the founding of that business. What successes could you learn about from that business?

Answers

Answer:

Explanation:

There are many successful businesses that have risen from nothing. One business that stands out was the website X which is now known as Paypal. Looking at this business and many other successful ones I have learned that making a business successful relies on two main factors. Whether or not your product/service solves a real-life problem, and if you have your correct target audience. Getting both of these two factors correct almost guarantees that your business will be a success assuming you put in the effort.

the act of an insurance company publishing misleading information about its policy provisions is called

Answers

Answer:

The right response is "False advertising". A further explanation is given below.

Explanation:

False advertising refers to just about every documented argument but rather television advertising which always benefits customers an inaccurate view as well as believing of the prospective customer. Regrettably, several other organizations have decided to appreciate the value of having appeared to receive just one substantial discount and perhaps another opportunity to encourage people to purchase, with really no intention of agreeing.

who are the guys want to be singer .plzzzzzzgive me some comment.

Answers

Answer:

anyone with a good voice and looks can be a singer

I think only certain people can sing if they train enough and commit to being the best they can be

What is the most financially dangerous way to pay for college?

A.Scholarships

B.Cash

C.Credit cards

D.Federal students loans

Answers

Answer:

I think it would be credit card

Explanation:

I don't know if I'm correct though

Credit cards is the most financially dangerous way to pay for college. Fees and interest charges are possible. person will be legally obligated to repay debt.

What is one reason why credit cards can be dangerous?

Using credit cards and not paying them off on a monthly basis can harm credit. Aside from the high interest rate, the major disadvantages of using credit.

When a person don't have the cash to pay it off later include damaging credit, straining relationships with family and friends, and, ultimately, bankruptcy.

Thus, option C is correct.

For more details about credit cards can be dangerous, click here:

https://brainly.com/question/12038667

#SPJ2

__________ utility is the benefit marketing provides by allowing the consumer to own, use, and enjoy the product.

Answers

Answer:

Possession

Explanation:

POSESSION UTILITY can be defined as the type of Utility in which a person derived a value for owning a product reason been that POSSESSION UTILITY give such person who purchased a product the right to own the product by enabling such person to possess the ownership of the product and to use the product . Example a person who purchased a car bought it for the purpose of driving it around which means that such person has the POSSESSION UTILITY to own the car , drive the car and enjoy the car thereby deriving a value for owning the car .

Other Questions
How should you lift and move to reduce the risk of strain and injury? good monke good monke dog Evaluate the step function for the given input values.-4, -35 x < -1-1, -1sx In a food chain or web, is organism would be classified as a(n) Arizona, New Mexico, and Nevada must honor the Native American reservation treaties drawn up by the..........government for the Native American Nations. 20 points!! Write an essay on the industry on which you want to focus. Research and discuss the kinds of jobs that are available in that industry, the average wage, the economys effect on the industry, and so on. What were the dangers of crossing the Sahara ? What is the molecular formula of the molecule that has an empirical formula of CH2O and a molar mass of 120.12 g/mol Two communication companies offer calling plans. With company x, it cost 35 cents to connect and then 5 cents for each minute.With company y, it cost 15 cents to connect and the 4 cents for each minute. Write and simplify an expression that represents how much more company x charges than company y, in cent, for n minutes Something ________ would have been created earlier in time.revealedspecificexpressedprior in what geographic areas do most of the people of east asia and southeast asia live? Why? Please help me I do not know how PLZ HELP IM TAKING MY EXAM!! which of the following best explains the impact of mrna being double stranded before translation A hot air balloon was flying at an altitude of 150 meters when the pilot decided to land by descending at a rate of 3 yards per second . For which of these functions does y represent the altitude of the hot air balloon represents the number of seconds since the pilot started her landing ? A.y=-3x+150 B. y=-3x-150 C.y=3x+150 D.y = 3x - 150 1) Which person would MOST likely be able to make a personal connection to the story of John Devine? A) An American who prefers the sound of English accents above any other accent. B) A traveler who, while in Japan, has trouble understanding others' broken English. C) An American who moved to Canada and realized that while the language is the same, people use phrases and words very differently. A bus driver who cannot understand the people D) talking in the back of the bus because they are too quiet to hear from the driver's seat. Ava is five weeks pregnant, and her fetus is beginning to develop three layers that will form the essential human functions. What will the ectoderm layer become over the course of Ava's pregnancy?heart, circulatory system, bones, muscles, and reproductive systemskin, nervous systems, connective tissue, and eyeshair, fingernails, and eyebrowslungs, intestines, and bladder This 200-kg horse ran the track at a speed of 5 m/s. What was the average kinetic energy? When we drink water, it is absorbed into our blood through the digestive tract. If the concentration of water in body cells is low, cells must get water from the blood. What process allows water to enter body cells from the blood? A community switches from a coal power plant to a wind power plant toobtain electricity. What is a likely outcome of this switch?A. Bird and bat populations will grow larger.B. Noise pollution in the community will decrease.C. Electricity will become less expensive.D. Acid rain will be reduced. Explain the Confucian principle of li.I NEED HELP FAST I WILL GIVE BRAINLEST TO WHO EVER HAS THE SMARTEST ANSWER AND WHOEVER HELPS!!! THANKS!!!