You (or your parents) have a realized income of $1,046.78/every 2 weeks. How much should the housing expense budget be to stay w
2 answers:
Answer:
The answer is $586.20
Step-by-step explanation:
You (or your parents) have a realized income of $1,046.78/every 2 weeks.
That means monthly salary is =
As nothing is specified, so we can consider the 28/36 Rule to solve this question. This rule states that a household should spend a maximum of 28% and no more than 36% on total debt service.
So, 28% of 2093.56 is = ≈$586.20
Hence, the answer is $586.20
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