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William Wants to Keep His Debt-To-Income Ratio at the Recommended

Question 21

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William wants to keep his debt-to-income ratio at the recommended 15% or lower.William's house payment is $1,012.84 and his car payment is $579.13.He also has student loans he is repaying in the amount of $250.00 per month.William has eliminated credit cards spending except for budgeted items and continues to pay $300 per month to eliminate his credit card debt.He is looking for a new job.What should his new annual salary goal be in order to keep his debt-to-income ratio at the recommended 15%?

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