PERSONAL FINANCE
PERSONAL FINANCE
5th Edition
ISBN: 9781308498706
Author: Kapoor
Publisher: McGraw Hill
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Chapter 6, Problem 6FPP
Summary Introduction

To determine:

The debt payments to income ratio.

Introduction:
Debt payments to income ratio refers to a method of measuring the credit capacity of a person that is calculated by dividing monthly debt payments made to the monthly net income. It states the ability to pay an amount of debt of person through his income.

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