I do not have any other nonmortgage payments. I now want to buy a car...
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I do not have any other nonmortgage payments. I now want to buy a car with a 48- month loan of $36000. The interest rate is 5% and my monthly take home pay is $10000. What is my debt limit ratio if I borrow the loan to buy the car (keep two decimal places such as 0.27)? 
I do not have any other nonmortgage payments. I now want to buy a car with a 48month loan of $36000. The interest rate is 5% and my monthly take home pay is $10000. What is my debt limit ratio if I borrow the loan to buy the car (keep two decimal places such as 0.27) ? Your
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