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Using the 28/36 ratio, determine the maximum allowable recurring debt for someone with a monthly income of 4,850

Using the 28/36 ratio, determine the maximum allowable recurring debt for someone with a monthly income of 4,850
asked 54.8k views
2 votes
using the 28/36 ratio, determine the maximum allowable recurring debt for someone with a monthly income of 4,850

asked
User Bbien
by
8.0k points

2 Answers

1 vote

Answer:

$388

Explanation:


answered
User Aneuryzm
by
7.7k points
2 votes
A) $388 is the correct answer
answered
User Henry Harbeck
by
8.7k points
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