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nikdorinn [45]
3 years ago
9

Using the standard 28/36 guidelines, if the maximum monthly mortgage payment allowed for someone applying for a home loan is $1,

085, what is their annual income?
a.$36,167
b.$46,500
c.$65,100
d.$162,750
Business
2 answers:
patriot [66]3 years ago
5 0

Answer:

Answer to this question is b.46500

Explanation:

According to 28/36 guidelines, a household shall not spend more than 28% of its monthly income on housing expenses.

Applying the above rule, the monthly income of a household shall be calculated as follows:

28% x household monthly income=1085$

household monthly income=1085/28%=3875

Annual household income=3875 x 12=46500

Answer to this question is b.46500

rosijanka [135]3 years ago
4 0

the answer is letter B. $46,500

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In 2012, Teller Company sold 3,000 units at $300 each. Variable expenses were $210per unit, and fixed expenses were $120,000. Th
katrin [286]

Answer:

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Explanation:

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where,

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And, the contribution ratio equals to

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3 years ago
Last year in Candamica, consumption expenditure was $20 billion, interest, rent, and profit were $2.5 billion, government expend
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Answer:

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