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debt to income ratio should be less than or equal to 35% Kanye East has a gross annual salary of $35,918. He pays monthly rent
debt to income ratio should be less than or equal to 35%
Kanye East has a gross annual salary of $35,918. He pays monthly rent of $532 and he has monthly student loan payments of $217. Assuming he wants to keep his debt-to-income ratio in line with the recommendation we have discussed in the past (early in the course), what is the maximum amount of additional monthly debt payments that he can afford? (If he is already spending too much for the ratio to be in line with guidance, enter "0") (Do NOT enter the "$" in the answer.] Step by Step Solution
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