SOLUTION: Sydney earns $2,800 a month. To qualify for a mortgage, her monthly payments must be less than 20% of her monthly income. Her monthly mortgage payments must be less than what amoun

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Question 886719: Sydney earns $2,800 a month. To qualify for a mortgage, her monthly payments must be less than 20% of her monthly income. Her monthly mortgage payments must be less than what amount in order to qualify for the mortgage?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Sydney earns $2,800 a month. To qualify for a mortgage, her monthly payments must be less than 20% of her monthly income. Her monthly mortgage payments must be less than what amount in order to qualify for the mortgage?
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mp < 0.20*2800
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mp < (20/100)*2800
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mp < 20*28
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mp < $560
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Cheers,
Stan H.
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