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inn [45]
3 years ago
14

Sally spends $1,500 each month on her mortgage, mortgage insurance and property taxes. She has three credit cards with minimum m

onthly payments that total to $125.00 and a monthly car payment for $349.00. She currently brings in a gross monthly income of 3,750.00 from her job. Calculate Sally’s debt-to-income (DTI) ratio. a. 40% b. 43% c. 49% d. 53%
Mathematics
2 answers:
Ghella [55]3 years ago
7 0

Answer: d. 53%

Step-by-step explanation:

Margaret [11]3 years ago
4 0
$1500 + $125 +$349 =$1974
$1974/$3750=.5264 = 53%

d. 53%
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