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15 April, 13:31

Dave's take home pay per month is $2,200. what is the maximum dollar amount of debt payments, excluding a home mortgage, he should have?

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  1. 15 April, 13:33
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    The advisable maximum amount of debt payment is 20 % of the monthly pay per month. so Dave's take home pay per month is $2,200. so the maximum dollar debt he should have would be:

    debt = 0.2 (2200)

    debt = $ 440 is the maximum debt he should have
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