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soldi70 [24.7K]
1 year ago
6

Nico's net take-home pay per month is $2,100. What is the maximum dollar amount of debt payments, excluding a home mortgage, he

should have
Business
1 answer:
alekssr [168]1 year ago
5 0

The answer here is $420 that should be with Nico.

According to experts, one shouldn't pay more than 20% of net income (i.e., after-tax) toward debt. So, 20% of $2100 is $420. So, the maximum dollar amount of debt payments he should have is $420.

Anything owing by one party to another is a debt. Debt may be secured by real estate, cash, services, or another kind of payment. Debt in the context of finance is more specifically defined as funds obtained via the issuing of bonds. An arrangement wherein one person loans money to another is known as a loan, which is a type of debt.

Therefore he should have $420 to pay off his debt.

To know more about debt payment click here:

brainly.com/question/21107102

#SPJ4

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Explanation:

Commercial sports are most likely to grow and prosper in societies with enough capital because for every buying and selling process, capital must be involved to set up marketable products. So, a commercial sport would require capital to have nice viewing areas, infrastructure and manpower.

Also, sports is incomplete without a massive urban center. A society with massive urban centres has a profitable potential for commercializing its sporting activities.

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If we use Country A as the base country to calculate a cost-of-living index comparison to Country B and the index number is posi
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Greater than

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Answer 1:

If the index number used to calculate prices is positive, then it shows that price level in country B is greater than the price level in Country A which is used as the base year. Thus, the blank can be filled by Greater than.

 

PPP adjusted GDP in this case in country B will be less than its nominal GDP as price level is higher.

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C. Professional Ethics.

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