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1 vote
Andrew makes $300,000 a year working in the ER at a hospital. He is looking to buy a home. If he followed the guidelines, keeping in mind to not go over the 35% of his monthly income, how much could he afford to pay per month?

$8,750
$30,000
$12,450
$10,000

User Nate Lee
by
5.1k points

2 Answers

5 votes
Answer: $8750
Explanation
User Webmut
by
5.4k points
2 votes

Answer:

$8,750

Explanation:

300,000 ÷ 12 = 25,000

25,000 × 0.35 = 8,750

User Opi
by
5.9k points