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astra-53 [7]
3 years ago
8

Caroline's gross annual salary is $47,448 What is the max amount of rent she can afford to pay?

Mathematics
1 answer:
morpeh [17]3 years ago
4 0

47,448/12=$3954

As, 28/36 rule states that maximum of 28% of your monthly expenditure should be spent on housing finances.

0.28*3954=$1107,12

Answer: $1107.

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