Finance
An Oklahoma homebuyer's loan officer tells them their gross monthly income is $6,000 and their maximum housing payment (front-end ratio) should not exceed 28%. The maximum monthly PITI payment is:
A$1,960
B$1,680✓ Correct
C$1,200
D$2,520
Explanation
Maximum PITI = Gross Monthly Income × Front-End Ratio. $6,000 × 0.
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