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lesya692 [45]
3 years ago
7

The Delos' adjusted gross income is $198,000 per year. The Delos' monthly

Mathematics
1 answer:
LuckyWell [14K]3 years ago
7 0

Answer:

Option “A". 25% , Yes” is correct answer.

Step-by-step explanation:

Ratio=\dfrac{\text{Total monthly credit obligation}}{\text{gross monthly income}}

 Total monthly credit obligation =1,967.41+299+550+1,250=\$4,066.41

Monthly income=(round off)

Back end ratio is less 36% hence  bank will approve them for the mortgage.

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