Caroline's gross annual salary is $47,448 what is the maximum amount of rent she can afford to pay?
2 answers:
Answer:
Yearly Salary of Caroline = $ 47,448
Monthly salary of Caroline
As, 28/36 rule states that maximum of 28% of your monthly expenditure should be spent on housing finances.
28 % of $ 3954
Option A) $ 1107 is , that maximum amount of rent that Caroline can pay.
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