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Anarel [89]
3 years ago
10

Miyoshi has a monthly net income of $1,625. Her fixed monthly expenses include

Social Studies
1 answer:
eduard3 years ago
5 0

Miyoshi has a monthly net income of $1,625. Her fixed monthly expenses include $68 for

the furniture she bought last month, and a car payment of $167. Are Miyoshi’s expenses

within a safe debt load?

No.

$1,625 x 10% = $162.50

$162.50 - 235 = - $72.50

Right now Miyoshi is over committed and is not within a safe debt load, and she should not commit to

further debt.

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