Beau has an annual adjusted gross income of $89,750. he is applying for a mortgage loan that would have a monthly payment of $1,025. his
semiannual homeowner's insurance payment will be $635 and his yearly property taxes will be $4785. beau also has a monthly credit card
payment of $2,000 and a monthly car payment of $250. using the formula, determine beau's front-end ratio to the nearest percentage
monthly housing expenses
front-end ratio = monthly gross income
a
19%
b
20%
c
219
d.
249