Jordan Earns an Annual Salary of $45,000

question 20

Multiple Choice

Jordan earns an annual salary of $45,000. If a lender uses 33% of monthly gross income as a guideline for the maximum PITI (principal, interest, taxes, and insurance) , what is the maximum mortgage that Jordan can apply for?

• A) $1,237.50
• B) $1,485.00
• C) $2,475.00
• D) $3,750.00
• E) $7,500.00

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