Sabina makes $2,000 per month. She spends $300 on credit card payments and $450 on an auto loan. Does she have excessive debt?
Yes, because her debt-to-income ratio is higher than 36 percent.
No, because her debt-to-income ratio is lower than 36 percent.
No, because her debt-to income ratio lower than 42 percent.
Yes, because her debt-to-income ratio is 50 percent.
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