Real Estate Math
A buyer's monthly gross income is $7,500. Using a 28% front-end (housing) ratio, what is the maximum PITI payment they can afford?
A$1,800
B$2,100✓ Correct
C$2,250
D$2,500
Explanation
Maximum PITI = $7,500 × 28% = $7,500 × 0.28 = $2,100.
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