Multiple Choice
Rachel Johnson has net monthly income of $2,500. She has a monthly auto loan payment of $275, a student loan payment of $150, and a credit card minimum payment of $50. What is her debt-payments-to-income ratio?
A) 8%
B) 13%
C) 17%
D) 19%
E) 20%
Correct Answer:
Verified
Correct Answer:
Verified
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