hooplikenari
12.02.2021 •
Mathematics
Please someone help, i would really appreaciate it. The question is in the picture below
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Ответ:
debts:
rent payments = 1,100
car payments = 178
card payments = 220
total debts: 1,100 + 178 + 220 = 1,498
income:
gross monthly income: 3,600
dti = 36%
dti = 1,498/3,600 = 0.416 or 41.6%
36% x 3,600 = 1,296 this is the should be amount of the total debt.
1,296 - 178 - 220 = 898
$898 is the maximum monthly rent payment Joey can make and still maintain a dti ratio of 36%.