Grace calculated her Gross Debt Service Ratio as 24%. If her monthly mortgage payments are $980 per month, while monthly property taxes and hydro total another $180 per month, determine her gross monthly income.
A) $6.833.33
B) $6,133.33
C) $5,833.33
D) $5,133.33
E) $4,833.33
Correct Answer:
Verified
Q67: The Switzers are nearing the end of
Q68: A $25,000 home improvement (mortgage) loan charges
Q69: Larissa bought a stereo for $5,000. She
Q70: Jessica bought an $1,150 television set for
Q71: A loan of $20,000 is to be
Q73: A $200,000 mortgage at 5.5% compounded monthly
Q74: If the loan payments and interest rate
Q75: A mortgage of $300,000 is amortized over
Q76: Metro Construction received $60,000 in vendor financing
Q77: Lucille borrowed $21,500 for office equipment. The
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents