Question
Jim has an annual income of $200,000. Jim is looking to buy a house with monthly property taxes of $500 and monthly homeowner's insurance of
Jim has an annual income of $200,000. Jim is looking to buy a house with monthly property taxes of $500 and monthly homeowner's insurance of $300. Apple bank has a maximum front end PTI limit of 45%. Considering only the front end PTI limit, what is the most they will allow Jim to spend on a monthly mortgage payment?
A. 7,000
B.6,700
C.90,000
D.7,500
E.89,200
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International Financial Reporting Standards An Introduction
Authors: Belverd Needles, Marian Powers
2nd edition
053847680X, 978-1111793234, 1111793239, 978-0538476805
