Answers 26-27 Ignite Technical Math-Financial Math - MA2007 Qualifying for a Home LoanQuestion 51

51

QuizMultiple Choice

Qualifying for a Home Loan

Question 51 • 26-27 Ignite Technical Math-Financial Math - MA2007

Using the 28/36 ratio, determine the maximum allowable recurring debt for someone with an annual income of $86,250.

Answer

A

$575.00

B

$2,012.50

C

$2,415.00

D

$2,587.50

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