Barb and Bob Want to Purchase a New Home but Don't

question 72

Multiple Choice

Barb and Bob want to purchase a new home but don't know how much mortgage they can qualify for.The lender requires that the total installment of loan payments do not exceed 35 percent of the monthly income.Based on Barb and Bob's financial data given below,what is the maximum monthly mortgage payment for which they can qualify? $$\begin{array} { | l | l | } \hline \text { Monthly Gross Income } & \$ 4,000 \\\hline \text { Car payment } & \$ 350 \\\hline \text { Student loan payment } & \$ 200 \\\hline\end{array}$$

• A)$1,400
• B)$1,208
• C)$1,502
• D)$850
• E)$500

Analyze and critically discuss entrepreneurial myths and realities, supporting arguments with research or theory.

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Comprehend the principles of instructional design in technology-based training programs.

Identify best practices in the development of virtual training programs.

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Definitions:

Centralized

Refers to systems or processes that are controlled by a single central authority.

Labor Union

An organized association of workers formed to protect and further their rights and interests regarding wages, benefits, and working conditions.

Negotiations

The process in which two or more parties discuss an issue with the goal of reaching a mutually acceptable agreement.

National Labor Relations Board

An independent US agency that enforces the NLRA by addressing labor disputes and ensuring fair labor practices.