The Adeeva's gross monthly income is $5600. They have 18 remaining payments of $ 360 on a new car. They are applying for a 15

Question

2 years ago

15

The Adeeva's gross monthly income is $5600. They have 18 remaining payments of $ 360 on a new car. They are applying for a 15

-year, $142 comma 000 mortgage at 7.5%. The taxes and insurance on the house are $270 per month. The bank will only approve a loan that has a total monthly mortgage payment of principal, interest, property taxes, and homeowners' insurance that is less than or equal to 28% of their adjusted monthly income. What is 28% of Adevas income

Mathematics

1 answer:

olga55 [171] · Answer 1 · 2022-07-12T12:23:18+03:00

olga55 [171]2 years ago

5 0

Answer:

$1,467.20

Step-by-step explanation:

Adjusted monthly income is the gross income minus any payments made every month. 5600 - 360 = 5240. To get 28% of her adjusted income multiply 5240 X.28 =1467.20

The​ Adeeva's gross monthly income is ​$5600. They have 18 remaining payments of $ 360 on a new car. They are applying for a 15​

The Adeeva's gross monthly income is $5600. They have 18 remaining payments of $ 360 on a new car. They are applying for a 15