Makayla takes home $4400 per month from her job as a physical therapist. if her only debt obligations are a car loan payment of $530 and a mortgage payment of $760 every month, is she in danger of credit overload?

Question

Frankie

Mathematics

27 October, 10:57

Makayla takes home $4400 per month from her job as a physical therapist. if her only debt obligations are a car loan payment of $530 and a mortgage payment of $760 every month, is she in danger of credit overload?

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Bruce Blackburn · Answer 1

The total amount that Makayla needs to pay is equal to $530 + $760 which is equal to $1290. This value is lesser compared to the amount that Makayla is able to take home. Therefore, Makayla will not be in danger of credit overload and she will be able to provide for her other needs.