calculate Debt to Payments Ratio

Your TDSR = 84.59% Your future income = $45,000/year You pay $1200/month in rent *12=14,400/year You have a cell phone bill of $75/month *12=900/year You have a student loan payment of $200/month*12=2,400/year You have a VISA card with a $1000 limit and a $1000 outstanding balance Car insurance will cost $3000/year Groceries cost you $100/week*52=5,200/year Gas will cost you $50/week*52=5,200/year Car Loan Payment $713.73/month *12=8,564.76/year TDSR= (14,400+900+2,400+1,000+3,000+5,200+2,600+8,564.76)/45,000=84.59% Your Debt to Payments Ratio =