I think it's 37.5 . I'm pretty sure cause I think you divide 3/8 . Then you go 2 to the right for your answer with the decimal. Not sure but . I think I'm right.
It’s either C or D hope this helps
7/20=2.857142857142857 divide 20 by 7
9514 1404 393
Answer:
about $171,400
Step-by-step explanation:
William's total monthly debt is ...
$1012.84 +579.13 +250 +300 = 2141.97
On an annual basis, this is ...
12 × $2141.97 = $25,703.64
This will be 15% of (25703.64/0.15) = $171,357.60.
William's new annual salary should be about $171,400 to keep his debt ratio at the recommended 15%.
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<em>Additional comment</em>
A debt ratio of 15% is a pretty aggressive target. Most mortgage lenders like to see the "front end" ratio (housing expense) less than 28%, and the "back end" ratio (all debt) less than 36%.
