Suppose that a monthly net income is $3,340. Your monthly debt payments include your student loan payment and a gas credit card. They total $1,002. What is your debt payments-to-income ratio? I do not know how to enter the answer as a percent rounded to the nearest whole number
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Hypothetically,
Suppose that a monthly net income is $3,340. Your monthly debt payments include your student loan payment and a gas credit card. They total $1,002. What is your debt payments-to-income ratio?
I do not know how to enter the answer as a percent rounded to the nearest whole number.
please help
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- Calculate the DTI ratio (as a percent) for a borrower who has a gross monthly income of $5,330 and has a minimum credit card bill of $250.00, a car lease payment of $344.97, and a student loan payment of $187, and who is applying for a loan for which the monthly payment will be $2,584.64?Katherine Hunt is evaluating her debt safety ratio. Her monthly take-home pay is $3,160. Each month, she pays $350 for an auto loan, $90 on a personal line of credit, $80 on a department store charge card, and $105 on her bank credit card. Complete Worksheet 6.1 by listing Katherine's outstanding debts, and then calculate her debt safety ratio. Round the answer to 1 decimal place. Enter debt safety ratio as a percentage. % Given her current take-home pay, what is the maximum amount of monthly debt payments that Katherine can have if she wants her debt safety ratio to be 12.5 percent? Round the answer to the nearest dollar. $ Given her current monthly debt payment load, what would Katherine's take-home pay have to be if she wanted a 12.5 percent debt safety ratio? Round the answer to the nearest dollar. $Calculate the DTI ratio (in percent) for a borrower who has a gross monthly income of $4,875 and has a minimum credit car bill of $125, a car lease payment of $276.78 and a student loan payment of $216, and who is applying for a loan with a monthly payment of $2,021.79. (Round your answer to the nearest tenth of a percent.)
- Chloe Young is evaluating her debt safety ratio. Her monthly take-home pay is $3,320. Each month, she pays $380 for an auto loan, $120 ona personal line of credit, $60 on a department store charge card, and $85 on her bank credit card. Complete Worksheet 6.1 by listing Chloe’s outstanding debts, and then calculate her debt safety ratio. Given her current take-home pay, what is the maximum amount of monthly debtpayments that Chloe can have if she wants her debt safety ratio to be 12.5 percent? Given her current monthly debt payment load, what would Chloe’s take-home pay have to be if she wanted a 12.5 percent debt safety ratio?Alyssa Clark is evaluating her debt safety ratio. Her monthlytake- home pay is $3,320. Each month, she pays $380 for an auto loan, $120 on a personal line of credit, $60 on a department store charge card, and $85 on her bank credit card. Complete Worksheet 6.1 by listing Alyssa’s outstanding debts, and then calculate her debt safety ratio. Given her current take-home pay, what is the maximum amount of monthly debt payments that Alyssa can have if she wants her debt safety ratio to be 12.5 percent? Given her current monthly debt payment load, what would Alyssa’s take-home pay have to be if she wanted a 12.5 percent debt safety ratio?Natalia has a monthly net income of $1,400. She has a house payment of $600 per month, a car loan with payments of $300 per month, a Visa card with payments of $60 per month, and a credit card with a local department store with payments of $32 per month. What is Natalia’s debt payment-to-income ratio? Is she within range of what experts suggest you spend on consumer credit payments?
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- Would you rather have a savings account that pays 5% interest compounded semiannually or one that pays interest compounded daily? Show in excel to understand the calculationYou have $2,650 balance on your charge card, and the finance charge is 16.8% annually.You send in the minimum monthly payment requested, which is $40.How much of this payment decreases your debt_______________________?And how much is the finance charge_________________?Evaluate the Debt Safety Ratio using worksheet 6.1: By listing Chloe’s outstanding debts, and then calculate her debt safety Given her current take-home pay, what is the maximum amount of monthly debt payments that Chloe can have if she wants her debt safety ratio to be 12.5 percent? Given her current monthly debt payment load, what would Chloe’s take-home pay have to be if she wanted a 12.5 percent debt safety ratio? Chloe Young is evaluating her debt safety ratio. Her monthly take- home pay is $3,320. Each month, she pays $380 for an auto loan, $120 on a personal line of credit, $60 on a department store charge card, and $85 on her bank credit card.