Using the standard 28/36 guidelines, if the maximum monthly mortgage payment allowed for someone applying for a home loan is $1,085, what is their annual income?
a.$36,167
b.$46,500
c.$65,100
d.$162,750
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Using the standard 28/36 guidelines, if the maximum monthly mortgage payment allowed for someone applying for a home loan is $1,085, what ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
During a certain six-year period, the consumer price index (CPI) increased by 50%, but during the next sis-year period, it increased by only 30%. Which of these conditions must have existed during the second six-year period? A. Inflation B.
Answers (1)
To increase marginal return, a company might consider A. stopping production. B. purchasing more machinery. C. increasing output. D. reducing output.
Answers (1)
Suppose that a firm in monopolistically competitive market is producing 30 units of output. At this level of production, the firm charges $50 per unit. Its marginal cost is $24 and marginal revenue is $24, and average cost is $20 per unit.
Answers (1)
Vaughn Manufacturing produces corn chips. The cost of one batch is below: Direct materials $17 Direct labor 12 Variable overhead 10 Fixed overhead 14 An outside supplier has offered to produce the corn chips for $27 per batch.
Answers (1)
The secretary of state can compel involuntary dissolution when a corporation:
Answers (1)
New Questions in Business
Frankie is a buyer for a department store and is buying some handbags at a cost of $30 from a vendor. He desires to have a 60 percent markup to meet the financial goals of this category. What will be the retail price of these handbags?
Answers (1)
The type of contract that comes into existence by simply speaking to one another is
Answers (2)
Alexie and x were motivated by many common factors. Discuss one similarity that motivated them.
Answers (1)
Best Foods Company is considering expanding beyond the regional market segments now served by its Hellmann's mayonnaise.
Answers (1)
The owner invested $15,200 cash in the company in exchange for its common stock. The company purchased supplies for $550 cash. The owner invested $10,100 of equipment in the company in exchange for more common stock.
Answers (1)