Answered

Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

clara’s gross monthly salary is $3,425
what is the maximum amount she can afford to borrow for a home mortgage ?

$138,096
$82,200
$41,100
$120,430

Sagot :

abiolataiwo2015

The maximum amount she can afford to borrow for a home mortgage is: $41,100.

Home mortgage

An employees who receive gross monthly salary will get 12months paychecks per year.

Using this formula

Maximum amount= Gross monthly salary× 12 paychecks

Let plug in the formula

Maximum amount=$3,425×12 months

Maximum amount=$41,100

Inconclusionhe maximum amount she can afford to borrow for a home mortgage is: $41,100.

Learn more about home mortgage here:https://brainly.com/question/8930925

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.