which of the following ratios is used to determine ones debt - to - income ratio?\na. 20/28\nb. 20/36\nc…

which of the following ratios is used to determine ones debt - to - income ratio?\na. 20/28\nb. 20/36\nc. 28/30\nd. 28/36\nplease select the best answer from the choices provided\na\nb\nc\nd

which of the following ratios is used to determine ones debt - to - income ratio?\na. 20/28\nb. 20/36\nc. 28/30\nd. 28/36\nplease select the best answer from the choices provided\na\nb\nc\nd

Answer

Brief Explanations:

In finance, the commonly - used rule of thumb for debt - to - income ratio is the 28/36 rule. The front - end ratio (housing - related debt to income) is 28% and the back - end ratio (total debt to income) is 36%. So the ratio used to determine debt - to - income ratio is 28/36.

Answer:

D. 28/36