alyse7302 alyse7302

07-01-2021
Business

contestada

Suppose that your monthly net income is $2,540. Your monthly debt payments include your student loan payment and a gas credit card. They total $762. What is your debt payments-to-income ratio

Respuesta :

topeadeniran2 topeadeniran2

07-01-2021

Answer: 30%

Explanation:

We should note that debt payments-to-income ratio is calculated as:

= Debt payment / Net income

= 762 / 2540

= 0.3 or 30%

Therefore, the debt payments to income ratio is 30%

Answer Link

Otras preguntas

in 1919, Germany signed the Treaty of Versailles. Did the treaty reflect Wilson’s vision of “peace without victory”? Why or why not?

South Africa's new prime minister in 1989 started to dismantle apartheid, what was his name?

Which ratio is equivalent to 14/28 ? A. 1/2 B. 8/14 C. 1/3 D. 2/7

Which ratio is equivalent to 14/28 ? A. 1/2 B. 8/14 C. 1/3 D. 2/7

How much of the United States female population works outside of the home?

on a students scientific calculator, 3*10^5 is displayed as "3ee 5." in that case how would the product of 80,000 and 5,000 be displayed on the students calcula

The product of blank and four is equal to the product of eight & twelve

Malory rode her bicycle 54 miles in 4.5 hours , at the rate how far can she ride in 6 hours

why was woman's work considered more important in peasant families

Which Apollo 11 astronaut did not set foot on the moon?

Q&A Platform for Education Platform Explore for Education