Mathematics, 11.03.2021 23:10, zokal9795

The 20/10 rule states that an individual should never borrow more than 20 percent of his or her annual take home pay. Lupe’s monthly take home pay is $3,500. Calculate 20% of her annual net income to find her safe debt load. Next, determine her maximum monthly payment amount by calculating 10% of her monthly income.

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The 20/10 rule states that an individual should never borrow more than 20 percent of his or her annu...