A debt-payments-to-disposable-income ratio with monthly nonmortgage debt repayments of $470 and a disposable income of $3,615 would be ____ percent
A)13
B)20
C)8
D)87

Name: A debt-payments-to-disposable-income ratio with monthly nonmortgage debt repayments of $470 and a disposable income of $3,615 would be ____ percent A)13 B)20 C)8 D)87
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Question

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Debt-payments-to-disposable-income ratio = (Monthly nonmortgage debt repayments / Disposable income) * 100= ($470 / $3,615) * 100= 0.13 * 100= 13%

A Debt-Payments-To-Disposable-Income Ratio with Monthly Nonmortgage Debt Repayments of $470