Question 38 • ****Spring 2026 Financial Math - MA2007 MQS21QXV
Bessie has an annual salary of $51,360. Each month she has a car payment of $210 and a student loan of $50. If she applies for a home loan, how likely is it Bessie will be approved based on her debt-to-income ratio?
Answer
A
Very likely; recurring debt is less than what is allowed.
B
Somewhat likely; recurring debt is equal to what is allowed.
C
Not likely; recurring debt is higher than what is allowed.
D
There is not enough information given to determine the answer.