Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If your card limit is$1500 and the credit utilization rate is 25%, what is the amount charged on the card? Round to the nearest whole

 If your card limit is$1500 and the credit utilization rate is 25%, what is the amount charged on the card? Round to the nearest whole dollar, if necessary.

 If you owe $600 on your credit card and the utilization rate is at 30% , what is your credit limit? 

Round to the nearest whole dollar, if necessary.

What is your debt-to-income ratio if your gross monthly income is$2500, your take-home pay is $1950, and your debt payments are$800?   Round your answer to the nearest whole percentage point.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students also viewed these Finance questions