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What is the guideline for the maximum amount you should owe each month for loan payments (not including a home loan payment)? A. 20 percent of monthly net income. B. 10 percent of monthly net income C.
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What is the guideline for the maximum amount you should owe each month for loan payments (not including a home loan payment)?

A. 20 percent of monthly net income.

B. 10 percent of monthly net income

C. 20 percent of monthly gross income

User Erickg
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1 Answer

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B. 10 percent of monthly net income.

Hope this helps!

User Ayandas
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