asked 12.7k views
4 votes
Which of the following ratios is used to determine ones debt-to-income ratio?

a. 20/28
b. 20/36
28/30
d. 28/36
Please select the best answer from the choices provided
Oo oo

2 Answers

0 votes

Answer:

The following ratios used to determine ones debt-to-income ratio is : d. 28/36

Step-by-step explanation:These ratios mean that a person have enough income to handle all of his/her debts. People who involved themselves in the world of finance known as the 28/36, which stated that someone should spend maximum of 28% of gross income on total housing expense and maximum 36% on total debt service

answered
User Babu
by
8.3k points
3 votes

Answer:

D. 28/36

Step-by-step explanation:

on edg

answered
User Rajan Maheshwari
by
8.7k points

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