Real Estate Math
A Vermont buyer's total monthly debt is $3,200. Their gross monthly income is $9,500. What is the back-end (total) DTI?
A28.6%
B30.0%
C33.7%✓ Correct
D36.8%
Explanation
DTI = $3,200 / $9,500 = 0.3368 = approximately 33.
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