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Inessa [10]
3 years ago
9

Conrad Jennings's monthly take home pay is $3500. He has a $600 mortgage payment, $300 car payment, $500 student loan payment, a

nd credit card payments in the amount of $1000. Calculate his debt-to-income ratio.
A. 29%
B. 31%
C. 37%
D. 69%
Mathematics
1 answer:
lord [1]3 years ago
7 0
Hi there:)

Debt to income ratio is
All your debts ÷ monthly income
((600+300+500+1,000)÷3,500)×100
=68.6% round your answer =69%

Hope it helps
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