Carolina's gross monthly salary is $⁢6,000 She has $⁢1,200 in total monthly debt payments, including a mortgage and car loan. What is her debt-to-income ratio, written as a percent? Use the debt-to-income ratio formula: (total monthly debt payments)/(gross monthly income)⋅100

Question

Revolt · Accepted Answer

20%

Personal Liabilities - Quiz Quiz

Carolina's gross monthly salary is $⁢6,000 She has $⁢1,200 in total monthly debt payments, including a mortgage and car loan. What is her debt-to-income ratio, written as a percent? Use the debt-to-income ratio formula: (total monthly debt payments)/(gross monthly income)⋅100

More from this Course