When Considering How Much Debt to Incur in Student Loans

question 7

Multiple Choice

When considering how much debt to incur in student loans, you learn that it is wise to keep your student loan payment to 10% or less of your starting monthly income. Suppose you anticipate a starting annual salary of $48,000. Set up and solve an inequality that represents the amount of monthly debt for student loans that would be considered manageable.

• A) The amount of monthly debt for student loans is $400 or more.
• B) The amount of monthly debt for student loans is $390.
• C) The amount of monthly debt for student loans is $390 or less.
• D) The amount of monthly debt for student loans is $400 or less.
• E) The amount of monthly debt for student loans is $390 or more.

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Definitions:

Table Row

A horizontal group of cells in a table, typically used to represent a single record or entry of data.

Cut and Paste

The process of moving data or text from one location to another by first removing it from its original location and then inserting it into a new one.

First Column

Refers to the initial column in a spreadsheet or table, often containing key information or identifiers for the rows.

Banded Columns

A formatting feature in spreadsheet or table layouts that alternates the background color of columns to improve readability.