Business, 13.10.2019 16:00 karolmolina49
Jim is a college senior with $50,000 in student loans. he earned $2,000 last year. he has no savings so he charged a $5,000 vacation on his credit card. how would you characterize jim's use of credit?
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Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%
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Jim is a college senior with $50,000 in student loans. he earned $2,000 last year. he has no savings...
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