What Is the Rule of Thumb for Determining the Monthly

question 47

Multiple Choice

What is the rule of thumb for determining the monthly payment you can afford?

• A) Subtract monthly bills from gross monthly income and multiply by 0.36.
• B) Add monthly bills to gross monthly income and multiply by 0.36.
• C) Subtract monthly bills from gross monthly income and divide by 0.16.
• D) Add monthly bills to gross monthly income and divide by 0.36.
• E) Subtract monthly bills from gross monthly income and multiply by 0.66.

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