Real Estate Math
A buyer qualifies for 28% of gross income for PITI. Their monthly gross income is $7,200. What is their maximum PITI payment?
A$1,800
B$2,016✓ Correct
C$2,160
D$2,400
Explanation
Maximum PITI = $7,200 × 28% = $7,200 × 0.28 = $2,016. To solve this, multiply the relevant values: $7,200 at 28%.. The correct answer is $2,016.. This is a common calculation on the South Carolina real estate exam.
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