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Car payment. 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
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Car payment. 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
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Question 413147:
Car payment. 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 he afford. Answer by rfer(16322) (Show Source):