Dana has the following monthly debts: house payment, $500; car payment, $225; credit card minimum due, $52.
Her monthly income is $1,800. To the nearest percent, what is her debt-to-income ratio?
Answer:For example, if your monthly take-home pay is $2,000 and you pay $400 per month in debt payment for loans and credit cards, your debt-to-income ratio is 20 ...
