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13 August, 16:19

Trudy's monthly expenses are outlined in the chart below. Trudy's job pays her $36,000 annually. Determine Trudy's DTI (debt-to-income) ratio.

a.

28%

b.

35%

c.

37%

d.

44%

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Answers (1)
  1. 13 August, 18:58
    0
    I found the missing dа ta:

    Monthly expenses:

    rent is $695

    car payment is $265

    student loan's $200

    credit cards $160

    695 + 265 + 200 + 160 = 1,320

    1,320 * 12 months = 15,840

    Debt-to-Income ratio = 15,840 / 36,000

    Debt-to-Income ratio = 0.44

    Trudy's DTI ratio is d. 44%
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