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Steve has a monthly after tax income of $1,100 . Each month, he pays $175 on his auto loan $50 on his credit card debt.
Steve has a monthly after tax income of $1,100 . Each month, he pays $175 on his auto loan $50 on his credit card debt. $70 on his utility bills, and $130 on furniture bought on credit. What Paul's debt payments-to-Income ratio? Multiple Choice
a)28%
b)39%
c)16%
d) 32%
e) 20%
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