Susan just got a promotion that increased her annual salary from $52,000 to $68,000. Susan's monthly expense included a mortgage payment of $1,500, three minimum credit card payments that total $350, a lease payment of
student loan payment of $250, and a personal loan payment of $325. How did Susan's debt-to-income ratio char
her promotion?
a. Susan's debt-to-income ratio decreased by about 2%.
b. Susan's debt-to-income ratio increased by about 2%.
c. Susan's debt-to-income ratio decreased by about 15%.
d. Susan's debt-to-income ratio increased by about 15%.