Question

Roger makes $42,000 a year. What is the maximum amount he can afford for a mortgage each month? A. $825 B. $875 C. $850 D. $890

Answer 1

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Answer:

B. $875

Explanation:

If Roger spends 1/4 of his gross salary on his mortgage, he can afford up to ...

$42000/12 × 1/4 = $42000/48 = $875