Real Estate Math
A Tennessee buyer's gross monthly income is $7,200. Using a 43% back-end DTI limit, what is the maximum total monthly debt payment allowed?
A$3,096✓ Correct
B$2,016
C$2,880
D$3,600
Explanation
Maximum DTI payment = $7,200 × 43% = $3,096. To solve this, multiply the relevant values: $7,200 at 43%..
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