1.Suppose assets are $89,000 and liabilities $26,000 and overall non-mortgage debt repayment is $12,500. Calculate...
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Finance
1.Suppose assets are $89,000 and liabilities $26,000 and overall non-mortgage debt repayment is $12,500. Calculate Ratio of non-mortgage debt repayment to net worth (equity). (5 pts)
2. Suppose all debt repayments total $1,350 a month, including $950 mortgage. Gross income is $64,000/year, and taxes are $1,120 per month. Calculate Ratio of non-mortgage debt repayment to disposable income. (5 pts)
3. A local barbershop earns $60,000 a year. If tax is $750 per month and expenses are $4,000 per month, what is the shops before-tax savings ratio? After-tax savings ratio? (5 pts)
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