Abram’s monthly liabilities equal $2,400 and his monthly assets are $6,800. What is his debt-to-income ratio, expressed as a percent?

Chapter 11, Application 11.6 #15

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Abram’s monthly liabilities equal $2,400 and his monthly assets are $6,800. What is his debt-to-income ratio, expressed as a percent?

Related Book For answer-question

Financial Algebra Advanced Algebra With Financial Applications

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

ISBN: 9781337271790