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Owen makes $3,000 per month. He spends $300 on credit card payments and $350 on an auto loan. What is his debt-to-income ratio? 50 percent 32 percent 4.6 percent 22 percent

Weegy: Owen makes $3,000 per month. He spends $300 on credit card payments and $350 on an auto loan. His debt-to-income ratio is 22%. (300+350)/3000*100 = 21.67, rounded to 22. User: If you pay the minimum payment each month, you will quickly pay off your credit card. True False User: Monica graduated from high school this year and has a steady job. She feels ready to move into her own space and has $1,200 in savings. Does she have enough ... (More)

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There are differences between leasing and buying a car. When you _____, you own the car when you finish paying. purchase a car with a car loan lease a car User: The safest and most popular type of mortgage loan has a fixed rate and is called a _____. balloon loan ARM traditional loan VA loan

Weegy: The safest and most popular type of mortgage loan has a fixed rate and is called a ARM, User: The periodic rate is _____. an interest rate that changes over the term of the loan the interest rate you are charged for one payment period the APR multiplied by twelve the amount of time you have to pay your loan Weegy: he periodic rate is the interest rate you are charged for one payment period. User: Cynthia feels she is ready to ... (More)

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Debt is _____. cash borrowed from a credit card account a bonus from the credit card company for being a good customer an amount of money that is owed to a bank, credit card company, store, or another individual a loan used to pay for a house, car, or another large item

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Updated 6/7/2013 12:05:30 PM

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shainah29

A debt is an obligation owed by one party (the debtor) to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.
A debt is created when a creditor agrees to lend a sum of assets to a debtor. Debt is usually granted with expected repayment; in modern society, in most cases, this includes repayment of the original sum, plus interest.
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Added 6/7/2013 12:05:30 PM

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