The maximum mortgage payment allowed for someone with an annual salary of $83,750 would be $2512.50 per month.
<h2><u>What is the standard 28/36 guidelines?</u></h2>
To determine, using the standard 28/36 guidelines, what is the maximum mortgage payment allowed for someone with an annual salary of $83,750, the following calculation must be made:
- Annual salary x 36% / months = X
- ((83750 x 36) / 100) / 12 = X
- (3,015,000 / 100) / 12 = X
- 30150 / 12 = X
- 2512.50 = X
Therefore, the maximum mortgage payment allowed for someone with an annual salary of $83,750 would be $2512.50 per month.
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Answer:
The given expression in simplified form is: 
Step-by-step explanation:
Simplifying the expression involve reducing the number of terms to minimum and making the expressions in standard form.
This may involve addition, subtraction and multiplication of variables.
Given expression is:

Distributing 5x will give us:

Hence,
The given expression in simplified form is: 
Answer:
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Step-by-step explanation:
12 is 20% of 60 because 12/60 = 0.2.