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You have a mortgage payment of $1,248.90/month. Using proportions, what is the minimum you must have in realized income per month to keep your housing expense in the acceptable range?

User AndrewN
by
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2 Answers

2 votes

Answer: The correct answer would be $4,460.36

Step-by-step explanation: I know because I just took it on a test :)

User Afiefh
by
8.3k points
3 votes
minimum is 25% for housing

1248.90 / 0.25 = $4995.60 per month
User WhiteKnight
by
8.2k points
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