katepotter2019
katepotter2019
21.12.2021 • 
Mathematics

1. John's monthly net income is $1,460. His fixed monthly expenses consist of a rent payment of $550 and a student loan payment of $116 per month. John would like to buy a new car. What is the largest monthly payment John can afford for the car so that his car payments and student loan keep him within a safe debt load of 10%?

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