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goblinko [34]
3 years ago
7

Rollin and Sandra want to buy a home priced at $265,000. They plan to finance this amount less the down payment

Mathematics
2 answers:
MA_775_DIABLO [31]3 years ago
6 0

Answer:

Rollin and Sandra will not be eligible for a loan. Since 20% of $265,000 is $53,000, they have the required down payment.The recurring debt they have exceeds the allowable amount of $557. Rollin and Sandra should work on reducing their recurring debt.

Step-by-step explanation: this is what i put on the practice

otez555 [7]3 years ago
5 0

Rollin and Sandra will not be eligible for a loan. Since 20% of $265,000 is $53,000, they have the required down payment. The recurring debt they have exceeds the allowable amount of $557. Rollin and Sandra should work on reducing their recurring debt.

shown as possible answer on edge 2021

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