Question: Question 5 Kim is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now, Kim

Question

5

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 working in a shoe store, earning a gross in

needs for chiropractic school will cost an additional $

120

per month. Which of the following statements is correct?

Kim's debt payments

-

-

income ratio without the college loan it is

14.07

percent

.

According to the

20

percent rule, she can afford the college loan.

I and II

None

Question 5 Kim is trying to decide whether she can afford

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