Question

To work backwards to find realized income needed from a given mortgage payment amount, you use _____.

Answer 1

Answer:

The answer is proportions.

Step-by-step explanation:

To work backwards to find realized income needed from a given mortgage payment amount, you use proportions.

For example:

Say you are paying $1250 as monthly rent.

So, if you spend 25% of your monthly income on rent, you need a monthly income of $5000. If you can spend 30% in rent, then you will need a monthly income of $4166.66.

This way proportion is used to find the required answer.

Answer 2

To work backwards to find realized income needed from a given mortgage payment amount, you use proportions. I am hoping that this answer has satisfied your query and it will be able to help you in your endeavor, and if you would like, feel free to ask another question.