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SUOI heck my work mode: This shows what is correct or incorrect for the work...

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Accounting

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SUOI heck my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Madeline Rollins is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now. Madeline is living at home and works in a shoe store, earning a gross income of $1,160 per month. Her employer deducts a total of $270 for taxes from her monthly pay. Madeline also pays $165 on several credit card debts each month. The loan she needs for chiropractic school will cost on additional $240 per month Calculate her debt payments-to-income ratio with and without the college loan (Remember the 20 percent rule.) (Enter your answers as a percent rounded to 2 decimal places.) Debt Payments-to- Income Ratio % % With college loan Without college loan Can she currently afford the school loan? Yes No

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