Essay
Ted and Karen have a combined take-home income of $4,500.Their total monthly payments on consumer debt is $875.What is their debt safety ratio? Are they exhibiting any sign of approaching credit problems?
Correct Answer:
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$875/$4,500 = 19.44%
They are approachin...View Answer
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Correct Answer:
Verified
$875/$4,500 = 19.44%
They are approachin...
They are approachin...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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