Real Estate Math
An Ohio buyer qualifies for a maximum monthly housing payment of $1,500. Taxes and insurance are $350/month. What is the maximum monthly P&I payment?
A$1,000
B$1,050
C$1,100
D$1,150✓ Correct
Explanation
Maximum P&I = $1,500 − $350 = $1,150. Using the values given ($1,500, $350), apply the appropriate formula..
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