Real Estate MathInterestEASY
If Amanda's gross income is $8,550 monthly, she would need to spend less than ___ in total household debt to qualify for most loans (using 28/36 rule).
Correct Answer
D) $3,078.00
Using the 36% rule for total debt: $8,550 × 0.36 = $3,078
Answer Options
A
$861.00B
$1,555.00C
$2,394.00D
$3,078.00Video Explanation3 min
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