Join the IDNLearn.com community and start exploring a world of knowledge today. Discover in-depth and trustworthy answers to all your questions from our experienced community members.
Sagot :
The answer here is $420 that should be with Nico.
According to experts, one shouldn't pay more than 20% of net income (i.e., after-tax) toward debt. So, 20% of $2100 is $420. So, the maximum dollar amount of debt payments he should have is $420.
Anything owing by one party to another is a debt. Debt may be secured by real estate, cash, services, or another kind of payment. Debt in the context of finance is more specifically defined as funds obtained via the issuing of bonds. An arrangement wherein one person loans money to another is known as a loan, which is a type of debt.
Therefore he should have $420 to pay off his debt.
To know more about debt payment click here:
https://brainly.com/question/21107102
#SPJ4
Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. For trustworthy answers, visit IDNLearn.com. Thank you for your visit, and see you next time for more reliable solutions.