Real Estate Math
A buyer's annual income is $90,000. Under conventional lending guidelines (28% front-end ratio), what is the maximum monthly housing payment (PITI)?
A$1,800
B$2,100✓ Correct
C$2,400
D$2,700
Explanation
Monthly income: $90,000 / 12 = $7,500. Maximum housing payment: $7,500 x 0.
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