Question: Assignment Unit 6 Kim is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now

Assignment Unit 6

Kim is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now Kim is living at home and works in a shoe store, earning a gross income of $820 per month. Her employer deducts $145 for taxes from her monthly pay. Kim also pays 595 on several credit card debts each month. The loan she needs for chiropractic school will cost an additional $120 per month. Help Kim make her decrsion by calculating her debt payments-to-income ratio with and without the college loan. (Remember the 20 percent rule.) Assignment Unit 6 Kim is trying to decide whether she can

Assignment Unit 6 Kim is trying to decide whether she can allord a loan she needs in order to go to chiropractic school. Right now Kim is living at home and works in a shoe store, eaming a gross income of $820 per month. Her employer deducts $145 for taxes from her monthly pay. Kim also pays $95 on several credit card debts each month. The loan she needs for chitopractic school will cost an additional $120 per month. Help Kim make her dectsion by calculating her debt payments-to-income ratio with and without the college loan. (Remember the 20 percent rule.)

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