Shanna's gross monthly income is $5123. She has 17 remaining payments of $312 on a...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Shanna's gross monthly income is $5123. She has 17 remaining payments of $312 on a car, 6 payments of $127 on a lapton and 28 payments of $85 on a student loan. What is the maximum monthly payment that she can get approved for on a home loan if the bank requires her adjustment monthly income to be 28% of her loan payment?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
