Calculate Devon's Total Debt

What is Devon's total debt?

Final answer:

Devon has a total debt of $170,489.

Devon's total debt can be calculated by adding up the amounts of her first mortgage, car lease buyout, and credit card debt. Let's break it down:

  • First mortgage: $156,500
  • Car lease buyout: $12,000
  • Credit card debt: $1,989

To find the total debt, we simply add these amounts:

Total debt = $156,500 + $12,000 + $1,989

Total debt = $170,489

Therefore, Devon has a total debt of $170,489.

Understanding and calculating your total debt is crucial for managing your financial health. It's important to keep track of all your debts to ensure you are making informed decisions about your finances.

← Exciting opportunity to start a tim hortons franchise in canada Calculating return on equity →

More Posts: