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Business, 05.11.2019 02:31 Axe15x

Aman earns $20,000 per year and can qualify for a monthly piti (principal, interest, taxes, insurance) payment equal to 25% of his monthly salary. if the annual tax and insurance is $678.24, what loan amount will he qualify for given a monthly pi (principal interest) payment factor is $10.29 per $1000 of loan amount? to be clear, a payment factor is the amount of money a borrower will pay for each $1,000 of loan amount.

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