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When Considering How Much Debt to Incur in Student Loans

Question 118

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When considering how much debt to incur in student loans, you learn that it is wise to keep your student loan payment to 4% 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, D , for student loans that would be considered manageable.

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