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qaws [65]
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
2 answers:
ozzi3 years ago
8 0

Answer:

C. 21%

Step-by-step explanation:

Please kindly check the attached file for explanation.

stepladder [879]3 years ago
6 0

Answer:

The answer is B.20%

Step-by-step explanation:

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