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Which of the following ratios is used to determine ones debt-to-income ratio?

a. 20/28
b. 20/36
28/30
d. 28/36
Please select the best answer from the choices provided
Oo oo

User Xinrui Ma
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2 Answers

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Answer:

The following ratios used to determine ones debt-to-income ratio is : d. 28/36

Step-by-step explanation:These ratios mean that a person have enough income to handle all of his/her debts. People who involved themselves in the world of finance known as the 28/36, which stated that someone should spend maximum of 28% of gross income on total housing expense and maximum 36% on total debt service

User Babu
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3 votes

Answer:

D. 28/36

Step-by-step explanation:

on edg

User Rajan Maheshwari
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