Kim lee is trying to decide whether she can afford a loan, Ask an Expert

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Kim Lee is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now Kim is living at home and works in a shoe store, earning a gross income of $1530 per month. Her employer deducts a total of $220 for taxes from her monthly pay. Kim also pays $70 on credit card debt each month. The loan she needs for chiropractic school will cost an additional $180 per month. Calculate her debt payments-to-income ratio with college loan. Don't forget to convert your answer to a percentage. Make sure to include zeros and the period in your answer. Round your answer to 2 decimal places. i.e. 20.12, 31.89, 10.02, 8.09, etc. Do not include the "%" sign in your answer

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92410224

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