The maximum mortgage payment allowed for someone with an annual salary of $62,550 is $1,459.50.
<h2>28/36 Rule</h2>
<h3>What is the 28/36 rule?</h3>
The 28/36 rule is used to calculate the amount of debt a person or a household should assume. The rule suggests that a lender's following expenses cannot be more than 28% of their monthly or annual income. They are listed as follows:
- Household Expense payments
- Primarily rent
- Mortgage payments
While the debt payments must not exceed 36% of their income.
<h3>Calculating mortgage payment</h3>
Keeping the above rule in view, the mortgage payment is calculated by multiplying the annual salary by 28% and dividing the same by 12, to calculate the mortgage payments monthly. As shown below:
62,550 x 28% = $17,514
17,514 / 12 = $1,459.50
The maximum mortgage payment allowed is $1,459.50
Learn more on maximum mortgage payment here: brainly.com/question/8409309
Answer:1/36
Step-by-step explanation:
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21 22 23 24 25 26
31 32 33 34 35 36
41 42 43 44 45 46
51 52 53 54 55 56
61 61 63 64 65 66 <=only 1 with 2 sixes
It is 13 over 31 your welcome
Answer:
Egg salad sandwich is proportional to its length
Step-by-step explanation:
Weight of Sandwiches by Length of Roll
6-inch Roll 12-Inch Roll
Cheese sandwich

Chicken salad sandwich

Egg salad sandwich

For cheese sandwich proportion

So, Cheese sandwich weight is not proportional to its length
For Chicken salad sandwich proportion

So, chicken salad sandwich is not proportional to its length
For Egg salad sandwich proportion

So, egg salad sandwich is proportional to its length