Smith's family, with total gross income of $144000 per year,

Last updated: 8/3/2022

Smith's family, with total gross income of $144000 per year, wants to purchase a home. If %33 of their income goes to monthly payment and the interest rate is 3% compounded monthly, how much mortgage do they qualify for 30 years amortizations? a. $939269.95 b. $849212.78 c. $800300.69 d. $889260.55 e. $913591.26