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23 January, 04:43

Jonathan just graduated college and can expect monthly loan payments of $405. His new job provides him

with an annual salary of $36,000. What is his debt-to-income ratio? What is the acceptable debt-to-

income range for student loans and does Jonathan's fall within that range?

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Answers (1)
  1. 23 January, 06:48
    0
    36000/12=3000

    so 3000 a month he makes.

    3000-405=2,595

    405x12 = 4860
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