The combined annual income for you and your partner is $170,000. Your accountant tells you to pay
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/665ebffbe37e9_563665ebffb50054.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/665ebffc31531_564665ebffc29f07.jpg)
The combined annual income for you and your partner is $170,000. Your accountant tells you to pay up to 20% of your annual income for mortgage. What would be your monthly payments? How much can you borrow on a 30 year mortgage at 5.5% compounded monthly?
Posted Date: