Jake has total fixed monthly expenses of $1,320 and his gross monthly income is $3,900. What is his debt-to-income ratio? How does his ratio compare to the desired ratio? Debt-to-income ratio=% (Round to the nearest integer as needed.) Jake's ratio is the maximum percentage. above below equal to C
Jake has total fixed monthly expenses of $1,320 and his gross monthly income is $3,900. What is his debt-to-income ratio? How does his ratio compare to the desired ratio? Debt-to-income ratio=% (Round to the nearest integer as needed.) Jake's ratio is the maximum percentage. above below equal to C
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:Jake has total fixed monthly expenses of $1,320 and his gross monthly income is $3,900. What is his debt-to-income ratio? How does his ratio compare to the desired ratio?
Debt-to-income ratio=% (Round to the nearest integer as needed.)
Jake's ratio is
the maximum percentage.
above
below
equal to
C
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