Suppose a family has a gross annual income of $39,600.
a. what is the maximum amount the fami...
Mathematics, 16.10.2019 12:00 minervica
Suppose a family has a gross annual income of $39,600.
a. what is the maximum amount the family should spend each month on a mortgage payment?
b. what is the maximum amount the family should spend each month for total credit obligations?
c. if the family's monthly mortgage payment is 70% of the maximum they can afford, what is the maximum amount they should spend each month for all other debt?
Answers: 2
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