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Dmitry [639]
3 years ago
8

Logan's only debt obligations are a car loan payment of $512 and a credit card payment of $70 every month. What is the minimum a

mount of money he must take home every month in order to avoid being in danger of credit overload?
Mathematics
2 answers:
chubhunter [2.5K]3 years ago
8 0

Answer:

$2910 APEX

Step-by-step explanation:

Assoli18 [71]3 years ago
3 0
The most used payment plan to avoid being in debt today is the 20% payment plan. In this payment , you divide your income into several parts.
20% for paying up debts, 10 % for savings, and 70% for everything else.

So, assuming that x is the minimum amount of money,  we know that

$ 512 + $70 =  20% . X

$ 582 = 0.2 . x

$ 582 / 0.2 = x

x = $ 2910




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