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Rierda Elwynn Garvey takes home $1250 each month. In addition to other expenses, she also makepayments to her debt of $230 per month. What is her Debt Payments to Income Ratio?

Rierda Elwynn Garvey takes home 1250 each month In addition to other expenses she also makepayments to her debt of 230 per month What is her Debt Payments to In class=

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The debt payments to income ratio is the amount that Rierda spend paying her debt each mount divided by her monthly income:

[tex]\text{Ratio}=\frac{230}{1250}=\frac{23}{125}=0.184[/tex]

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