Marina's monthly liabilities and assets are as shown in the table. a. Find Marina's debt-to-income ratio. Express

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Marina's monthly liabilities and assets are as shown in the table.

a. Find Marina's debt-to-income ratio. Express that ratio as a percent.
b. How would you categorize her debt-to-income ratio?

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Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Question Posted: Apr 14, 2016 05:10 AM

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Marina's monthly liabilities and assets are as shown in the table. a. Find Marina's debt-to-income ratio. Express

Question:

Monthly Pre-Tax Assets Monthly Liabilities (Debt) (Income) Rent Student Loan Payment Minimum Credit Card Payment Car Loan Payment Graduate School Loan $1,400 Gross Salary $8,900 $ 350 Stock Dividends 350 $ 190 140 Interest $ 130 600

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a Assets 8900 350 190 9440 Liabilities 1400 350 140 130 600 2620 ...View the full answer

Financial Algebra advanced algebra with financial applications

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