Answers 26-27 Ignite Technical Math-Financial Math - MA2007 Qualifying for a Home LoanQuestion 38

38

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Qualifying for a Home Loan

Question 38 • 26-27 Ignite Technical Math-Financial Math - MA2007

Using the 28/36 ratio, determine the maximum allowable recurring debt for someone with a monthly income of $4,850.

Answer

A

$388

B

$776

C

$970

D

$1,358

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