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Calculate the debt limit ratio for a person with the following income and expenses. Annual income = $60,000 Monthly principal and interest payment = $1,000

Calculate the debt limit ratio for a person with the following income and expenses. Annual income = $60,000 Monthly principal and interest payment = $1,000 Monthly home insurance payment = $100 Monthly property tax payment = $100 Monthly credit card payment = $50 Monthly car payment = $250 Monthly student loan payment = $200

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