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Using a front-end ratio of 24 percent, one would need an annual gross income of at least ____ to buy a home with total monthly

Using a front-end ratio of 24 percent, one would need an annual gross income of at least ____ to buy a home with total monthly payments of $1,245.

Select one:

a. $58,750

b. $62,250

c. $43,027

d. $63,115

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