what is australias total debt?, page-26

All right fizz,

here is more info about that person:

a) debt (bank loan 50% floating rate + 50% fixed rate) = $1.5million
b) the term of the loan as follows - floating rate term of 10 years, fixed rate term of 5 years with option to roll the floating rate loan.
c)assets (presently valued at)=~ $9million
d) after tax income/per year = ~$300,000/year.
e) the loans are secured against assets worth $4million

Does this help your calculations?

Oh, where no data is given, use market rates. The person is in 100% good health, only a nuclear bomb would kill him:-)!

Simple.

Don't bother with the calculations. But NEVER be afraid to ask questions until you feel that you understand the 'problem' that needs to be solved...

Sorry for being rude...just tired of the 'debt clock' being posted repeatedly.

Anyway - i DON'T have a personal problem with you, but you need to think critically.