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OpenStudy (anonymous):
A person makes $3400 a month after taxes and monthly bills are deducted. It is suggested that a person pay at most 40% of this amount on their mortgage. Following this advice, how large of a mortgage payment can they afford? NOT SURE OF MY ANSWER $1360
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OpenStudy (xmissalycatx):
You are correct.
OpenStudy (lochana):
did you multiply 3400 by 40/100?
OpenStudy (zpupster):
yes that is correct 405 of 3400 0f = multiply .4 x 3400 = 1360
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