Kim Lee is trying to decide whether she can afford a loan

Last updated: 4/1/2023

Kim Lee is trying to decide whether she can afford a loan she needs in order to go to chiropractic school Right now Kim is living at home and works in a shoe store earning a gross income of 1 050 per month Her employer deducts a total of 147 for taxes from her monthly pay Kim also pays 160 on several credit card debts each month The loan she needs for chiropractic school will cost an additional 170 per month Help Kim make her decision by calculating her debt payments to income ratio with and without the college loan Remember the 20 percent rule Round your answers to 2 decimal places Debt payments to income loan ratio with college Debt payments to income ratio without college loan