Real Estate Math
A NH couple earns a combined gross income of $8,500/month. At a 36% back-end DTI, what is their maximum monthly total debt allowance?
A$3,060✓ Correct
B$2,380
C$3,400
D$2,720
Explanation
Maximum total monthly debt = $8,500 × 0.36 = $3,060. To solve this, multiply the relevant values: $8,500 at 36%.. The correct answer is $3,060.. This is a common calculation on the New Hampshire real estate exam.
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