20-10 Rule Personal Finance

If your annual net income is $45,000. What is the maximum amount you could safely borrow?

• $6,000

• $7,000

• $8,000

• $9,000

If your annual net income is $45,000. What is the maximum MONTHLY PAYMENT you could afford to pay?

• $300

• $320

• $350

• $375

If your annual net income is $29,000. What is the maximum MONTHLY PAYMENT you could afford to pay?

• $201.64

• $241.67

• $350.94

• $566.07

If your annual net income is $29,000. What is the maximum amount you could safely borrow?

• $5,000

• $5,200

• $5,800

• $6,000

If your annual net income is $10,200. What is the maximum amount you could safely borrow?

• $2,040

• $3,900

• $5,800

• $6,000

If your annual net income is $10,200. What is the maximum MONTHLY PAYMENT you could afford to pay?

• $70

• $80

• $85

• $93

If your annual net income is $23,500. What is the maximum amount you could safely borrow?

• $4,040

• $4,700

• $5,000

• $5,900

If your annual net income is $23,500. What is the maximum MONTHLY PAYMENT you could afford to pay?

• $150.66

• $189.12

• $195.83

• $203.65

If your annual net income is $35,600. What is the maximum amount you could safely borrow?

• $6,040

• $7,120

• $8,543

• $9,235

If your annual net income is $35,600. What is the maximum MONTHLY PAYMENT you could afford to pay?

• $296.67

• $365.15

• $795.31

• $203.65