Beau has an annual adjusted gross income of $89,750. He is applying for a mortgage loan that would have a monthly payment of $1,

Question

3 years ago

9

Beau has an annual adjusted gross income of $89,750. He is applying for a mortgage loan that would have a monthly payment of $1,

025. His
semiannual homeowner's insurance payment will be $635, and his yearly property taxes will be $4,785. Beau also has a monthly credit card

payment of $2.000 and a monthly car payment of $250. Using the formula, determine Beau's front-end ratio to the nearest percentage.

monthly housing expenses

front-end ratio = monthly gross income

OA. 19%

OB. 20%

OC 21%

OD. 249

Mathematics