Question: I need help on this question below, i will make sure to leave a thumbs up! CASE 2 Victor and Maria Advise Their Niece Victor

CASE 2 Victor and Maria Advise Their Niece Victor and Maria have always enjoyed a close relation- ship with Maria's niece Teresa, who graduated from college with a pharmacy degree. Teresa recently asked Maria for some assistance with her finances now that her education debts are coming due. She owes $29,000 in student loans and has $64,000 in disposable income $1,100 per month. While in school, she accumulated about $38,000 in student loan debt on which she pays $385 per month. During her last fall semester in school, she had an internship in a city about 100 miles from her campus. She used her credit card for her extra expenses and has a current debt on the account of $8,000. She has been making the minimum payment on the account of about $240 a month. She has assets of $14,000. (a) Calculate Chelsea's debt payment-to-disposable income ratio. (b) Calculate Chelsea's debt-to-income ratio. (c) Comment on Chelsea's debt situation and her use of student loans and credit cards while in college. a
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