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OpenStudy (anonymous):
As a rule of thumb, debt payments (other than mortgages) should be less than 8% of a consumer’s monthly gross income. Oliver makes $54,000 a year and has a $100 student-loan payment every month. What size car payment can Oliver afford?
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OpenStudy (mertsj):
54000/12=4500/ month 100+x<=.08(4500) x<=260
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