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31 May, 01:52

Which of the following ratios is used to determine ones debt-to-income ratio?

a. 20/28

b. 20/36

c. 28/30

d. 28/36

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  1. 31 May, 04:34
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    The following ratios used to determine ones debt-to-income ratio is : d. 28/36

    These ratios mean that a person have enough income to handle all of his/her debts. People who involved themselves in the world of finance known as the 28/36, which stated that someone should spend maximum of 28% of gross income on total housing expense and maximum 36% on total debt service
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