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    Elementary and Intermediate Algebra Study Set 1
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    When Considering How Much Debt to Incur in Student Loans
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When Considering How Much Debt to Incur in Student Loans

Question 49

Question 49

Short Answer

When considering how much debt to incur in student loans, you learn that it is wise to keep your student loan payment to 4% or less of your starting monthly income. Suppose you anticipate a starting annual salary of $48,000. Set up and solve an inequality that represents the amount of monthly debt, D , for student loans that would be considered manageable.

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