spankyd97
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Trudy’s monthly expenses are outlined in the chart below. Trudy’s job pays her $36,000 annually. Determine Trudy’s DTI (debt-to-income) ratio.

a.
28%
b.
35%
c.
37%
d.
44%

Respuesta :

BlueSky06
I found the missing data:
Monthly expenses:
rent is $695
car payment is $265
student loan's $200
credit cards $160

695 + 265 + 200 + 160 = 1,320
1,320 * 12 months = 15,840

Debt-to-Income ratio = 15,840 / 36,000
Debt-to-Income ratio = 0.44

Trudy's DTI ratio is d. 44%

Answer:

I found the missing data:

Monthly expenses:

rent is $695

car payment is $265

student loan's $200

credit cards $160

695 + 265 + 200 + 160 = 1,320

1,320 * 12 months = 15,840

Debt-to-Income ratio = 15,840 / 36,000

Debt-to-Income ratio = 0.44

Trudy's DTI ratio is d. 44%

Explanation:

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