Marissa has two credit cards. The first credit card has a credit limit of $ 1 9
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Question:
Marissa has two credit cards. The first credit card has a credit limit of $ and Marissa has $ of debt on that card. The second credit card has a credit limit of $ and Marissa has $ of debt on that card.
What is Marissa's debttocredit ratio?
Marissa realizes that she never uses her second credit card. She decides to close that line of credit. What is Marissa's new debttocredit ratio?
Based on class slides, is Marissa's new DCR good or bad? What might this mean if Marissa wanted to take out an additional line of credit?
Related Book For
College Algebra
ISBN: 978-0134697024
12th edition
Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
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