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Robert Smith Has Monthly Net Income of $1,200

Question 104

Multiple Choice

Robert Smith has monthly net income of $1,200.He has a house payment of $550 per month,a car loan with payments of $250 per month,a Visa card with payments of $40 per month,and a credit card with a local department store with payments of $58 per month.What is Robert's debt payments-to-income ratio?


A) 0%
B) 8%
C) 75%
D) 29%
E) 20%

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