IDNLearn.com offers a unique blend of expert answers and community-driven insights. Join our interactive Q&A platform to receive prompt and accurate responses from experienced professionals in various fields.
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 participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. Discover insightful answers at IDNLearn.com. We appreciate your visit and look forward to assisting you again.
