Calculating the Debt Payments-to-Income Ratio. Suppose that your monthly net income is $2,400. Your monthly debt payments

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Calculating the Debt Payments-to-Income Ratio. Suppose that your monthly net income is $2,400. Your monthly debt payments include your student loan payment and a gas credit card. They total $360.

What is your debt payments-to- income ratio?

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Personal Finance

ISBN: 9781260799736

13th Edition

Authors: Jack Kapoor

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