Timothy Carter Has Net Monthly Income of $3,800

question 11

Multiple Choice

Timothy Carter has net monthly income of $3,800. He has a monthly auto loan payment of $350, a student loan payment of $150, a mortgage payment of $1,200, and a credit card minimum payment of $45. What is his debt-payments-to-income ratio?

• A) 13.2%
• B) 14.3%
• C) 36.7%
• D) 42.0%
• E) 45.9%

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Definitions:

Psychosexual Development

A Freudian theory describing how personality develops in stages (oral, anal, phallic, latent, and genital) through the resolution of conflicts centered on erogenous zones.

Sigmund Freud

A founding figure in psychoanalysis known for his theories on the unconscious mind, the development of sexuality, and the Oedipus complex.

Havelock Ellis

A British physician and psychologist known for his studies on human sexuality and for being a pioneer in the field of sexual psychology.

Female Sexuality

The ways in which women experience and express their sexual feelings, attitudes, and behaviors.