Using the standard 28/36 guidelines, what is the maximum mortgage payment allowed for someone with an annual salary of $60,750?
1 answer:
Answer:
$1,417.50
Step-by-step explanation:
the above value is calculated using the formula according to guideline of 28/36
M= P r(1+r)ⁿ/ (1+r)ⁿ -1
M = mortgage monthly payment.
P = principal amount
r = interest rate monthly (
n = number of payments ( total number of months for paying loans)
You might be interested in
Answer:
P
=
4
c
12
=
4
c
3
=
c
Step-by-step explanation:
Hope this helps.
Answer:
circumference of circle = 2×pi×r
circumference of circle = 2×3.14×12.7
circumference of circle = 79.756 in
Answer:
72 hope this helps you!?!?!!?
Answer:
900
Step-by-step explanation:
1 meter = 100 centimeters
9 meters=?
9×100÷1 =900
10:4 15:6 20:6 if those aren’t on there I ain’t ur guy
