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Finance 7 Online
ejizzy:

Terrence's annual take-home pay is $45,000. What is the maximum amount that he can spend per month paying off credit cards and loans and not be in danger of credit overload?

SmokeyBrown:

If Terrence makes 45,000 a year, then how would we find out how much he can spend per month? Note that there are 12 months in a year.

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