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Affan debt payments-to-income ratio

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Reference no: EM131111092

Affan Chawdry has monthly net income of $1,050. He has a house payment of $450 per month, a car loan with payments of $250 per month, a Visa card with payments of $50 per month, and a credit card with a local department store with payments of $100 per month.

What is Affan's debt payments-to-income ratio?

A. 2.63
B. 1.24
C. 0.81
D. 0.38
E. 0.50

Reference no: EM131111092

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