Calculate the DTI ratio (in percent) for a borrower who has a gross monthly income of $4,975
Fantastic news! We've Found the answer you've been seeking!
Question:
Calculate the DTI ratio (in percent) for a borrower who has a gross monthly income of $4,975 and has a minimum credit card bill of $135, a car lease payment of $256.78, and a student loan payment of $216, and who is applying for a loan with a monthly payment of $2,041.79.
Related Book For
Business Statistics In Practice
ISBN: 9780073401836
6th Edition
Authors: Bruce Bowerman, Richard O'Connell
Posted Date: