Question
Using the following information, calculate the housing expense ratio: monthly principal and interest on mortgage loan: $659; monthly tax and insurance payments into escrow: $369;
Using the following information, calculate the housing expense ratio: monthly principal and interest on mortgage loan: $659; monthly tax and insurance payments into escrow: $369; gross monthly income: $3,993. Express in percentage but do not include the % sign, and round it to two decimal places, e.g., 9.45 (for .0945 or 9.45%)
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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
