Debt Safety Ratio Frances wants to determine her current debt safety ratio. Her monthly take-home pay is $4,500. She compiled the following monthly loan payment information: Type of Loan Payment Amount Auto $315 Student 45 Credit cards 90 House mortgage 1,400 Total $1,850 The total monthly loan payments figure Frances will use when computing her debt safety ratio is $ and include her house mortgage. Frances’s debt safety ratio is % and considered

determine her current debt safety ratio.

Answer rating: 100% (QA)

To determine Francess current debt safety ratio we need to calculate the percentage of her monthly i... View the full answer