Pat and Marie have the following expenses and account balances: Pat’s annual 401(k) plan employee contribution $18,000 Pat’s annual salary $125,000 Current liabilities $27,000 Housing costs (P&I&T&I) monthly $2,100 Cash & Cash equivalents $19,000 Monthly non-discretionary cash flows (total) $6,750 Monthly debt payments other than housing $750
* Pat’s employer matches $1 for $1 up to 6% of Pat’s salary in his 401(k) plan. Based on the information above, calculate Pat and Marie’s housing ratio 2 (Calculate your answer as a percentage. Type 86 for 86%). Get Finance homework help today
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