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How does the given ratio compare to the desired ratio

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Reference no: EM131627988

Question: Jake Drewrey has total fixed monthly expenses of $1,340 and his gross monthly income is $3,875. What is his debt-toincome ratio? How does his ratio compare to the desired ratio?

2. Create an amortization schedule for the first two months' payments on a mortgage of $487,700 with an interest rate of 6% and monthly payment of $2,926.20.

Reference no: EM131627988

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