airianairby12
Answered

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Nicole makes $2,000 per month. Each month, she spends $400 on credit card payments, $100 on a store credit, and $350 on an auto loan. Does she have excessive debt?


Yes, because her debt-to-income ratio is 42.5 percent.

No, because her debt-to-income ratio is 25 percent.

No, because her debt-to-income ratio is 42.5 percent.

Yes, because her debt-to-income ratio is 25 percent.

Sagot :

ainazumaiah

Answer:

Yes, because her debt-to-income ratio is 42.5 percent.

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