Joe Smith earns $72,000 per year. His bank uses a rule that PITI must be equal to or less than one third of gross monthly income. If his home owner's insurance is $100 per month, roughly how much of a monthly payment can Joe afford including taxes over and above the $100 for insurance?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Joe Smith earns $72,000 per year. His bank uses a rule that PITI must be equal to or less than one third of gross monthly income. If his ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Explain the difference between imports and exports. Question 46 options: There is no difference between imports and exports.
Answers (1)
Business-to-business firms generally segment their markets according to what three variables?
Answers (2)
Troy is a 55-year-old worker who, despite having a very good work record, has been passed up for promotion many times in favor of younger workers with lesser records. troy is most likely a victim of
Answers (1)
The difference between money coming into a country from exports and money leaving a country due to imports, plus money flows from other factors, is known as the: a. balance of trade b. balance of payments c. free trade d. trade deficit
Answers (1)
Parkway Void Co. issued 15-year bonds two years ago at a coupon rate of 5.4 percent. The bonds make semiannual payments. If these bonds currently sell for 106 percent of par value, what is the YTM
Answers (1)
New Questions in Business
Assume that an MNC purchases a foreign building, and then leases the building to another party and allows that party to operate the business in the building for 30 years if the party follows standards set by the MNC.
Answers (1)
Sally Smith incurred expenses of $800 in June which she paid in July. She declared these expenses on her June income statement. By doing this she is following the accounting principle of:
Answers (1)
You withdraw $100 from your checking account. how does this affect the money supply and the reserves of your bank?
Answers (1)
g Automatic stabilizers a. increase the problems that lags cause in using fiscal policy as a stabilization tool. b.
Answers (1)
Which term is used to describe the amount of biologically productive land/sea area necessary to support the lifestyle of an individual?
Answers (1)