Affan Chawdry Has Monthly Net Income of $1,050

question 49

Multiple Choice

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

---

Definitions:

Stack

A data structure that operates on a last in, first out (LIFO) principle, where the last element added is the first to be removed.

Text

Written or printed words and characters used to convey information or narratives.

Borders

Decorative or functional lines around the edges of text, pages, cells in a spreadsheet, or other elements in a document or screen.

Justified

Text alignment where both the left and right edges of a paragraph are aligned to both margins.