Question
Josh and Lauren are shopping for a new home, and their favorite house would have a total monthly payment (PITI) of $17,087.76. Their gross annual
Josh and Lauren are shopping for a new home, and their favorite house would have a total monthly payment (PITI) of $17,087.76. Their gross annual income is $91,800 combined. They have one car loan of $365.57 monthly. They also pay $224.38 each month towards their student loans
Do they pass the 28% test?
Do they pass the 36% test?
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
5th edition
1111527369, 978-1111527365
