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Jake has total fixed monthly expenses of $1,250 and his gross monthly income is $3,850. What is his debt-to-income ratio? How does his ratio

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Jake has total fixed monthly expenses of $1,250 and his gross monthly income is $3,850. What is his debt-to-income ratio? How does his ratio compare to the desired ratio? K Debt-to-income ratio % (Round to the nearest integer as needed.)

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