SOLUTION: Sydney earns $2300 a month. To qualify for a mortgage, her monthly payments must be 35% of he monthly income. Her monthly mortgage payments must be less than what amount in order t
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Question 663800: Sydney earns $2300 a month. To qualify for a mortgage, her monthly payments must be 35% of he monthly income. Her monthly mortgage payments must be less than what amount in order to qualify for te mortgage?
Please show me how to organize and solve the problem. Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! Sydney earns $2300 a month. To qualify for a mortgage, her monthly payments must be 35% of he monthly income. Her monthly mortgage payments must be less than what amount in order to qualify for te mortgage?
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monthly payment must be < 0.35*2300 = $805.00
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Cheers,
Stan H.
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