Using the banker's rule, the minimum annual income needed to borrow $75,000 for the purchase of a home is:
a. $17,442
b. $30,000
c. $75,000
d. $187,500

b. $30,000

Step-by-step explanation:

According to the banker rule, the minimum annual income needed to borrowed should be maximum of 2.5% of the annual income

Given that

The amount borrowed for purchased of the home is $75,000

So based on the above information, the minimum annual income is

= $30,000

By multiplying the borrowed amount with the given percentage we can get the required minimum annual income and the same is to be shown above

oof cheaters cheat because they’re lazy that’s why i cheat xd

: )

step-by-step explanation: