Answer:
you have to add them together
Using continuous compounding, we have:
90000=65452 x e^.091t
1.3750534743017784024934303000672=e^.091t
ln 1.3750534743017784024934303000672=ln e^.091t=.091t ln e=0.091t
t=3.5 years
The maximum mortgage payment allowed for someone with an annual salary of $83,750 would be $2512.50 per month.
<h2><u>What is the standard 28/36 guidelines?</u></h2>
To determine, using the standard 28/36 guidelines, what is the maximum mortgage payment allowed for someone with an annual salary of $83,750, the following calculation must be made:
- Annual salary x 36% / months = X
- ((83750 x 36) / 100) / 12 = X
- (3,015,000 / 100) / 12 = X
- 30150 / 12 = X
- 2512.50 = X
Therefore, the maximum mortgage payment allowed for someone with an annual salary of $83,750 would be $2512.50 per month.
Learn more about maths in brainly.com/question/20589209
Answer: 590x.
2 is GFE, hope this helps?
Step-by-step explanation:
