Suppose two mortgage companies compare the ratio of the monthly
mortgage payment to the total...
Mathematics, 01.10.2019 20:00 ccarwile01
Suppose two mortgage companies compare the ratio of the monthly
mortgage payment to the total monthly income as their metric. suppose o.
ideal metric for the debt-to-income ratio for company a. and 0.28 is the ideal me
for the debt-to-income ratio for the company b. provided the target mortgage
payment is the same for either company, then which of these mortgage companie
requires a greater monthly income? explain.
Answers: 2
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