Consider someone who takes home $2500 a month. Using a 20% ratio, he/she should have monthly consumer credit payments of
Posted: Thu Jul 21, 2022 8:56 pm
Consider someone who takes home $2500 a month. Using a 20% ratio, he/she should have monthly consumer credit payments of no more than $500 i.e.,
$2500*0.20= $500. This is the _________ amount of her monthly disposable income that she should need to pay off both personal loans and other forms of consumer credit.
A. Maximum
B. Minimum
C. Same
D. Actual
$2500*0.20= $500. This is the _________ amount of her monthly disposable income that she should need to pay off both personal loans and other forms of consumer credit.
A. Maximum
B. Minimum
C. Same
D. Actual