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$550,000 house at 3% interest, 30 year loan, assume 2.20% property tax, average home insurance at $1000 per year. Assume the LTV is 80%. You have $850 per month student loan, no other long-term loan, your income is $90,000 per year. What is the back-end ratio? O 45.6% O 50.6% O 48.5% 52.6%

$550,000 house at 3% interest, 30 year loan, assume 2.20% property tax, average home insurance at $1000 per year. Assume the LTV is 80%. You have $850 per month student loan, no other long-term loan, your income is $90,000 per year. What is the back-end ratio? O 45.6% O 50.6% O 48.5% 52.6%

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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$550,000 house at 3% interest, 30 year loan, assume 2.20% property tax, average home insurance at $1000 per year. Assume the LTV is 80%. You have $850 per month student loan, no other long-term loan, your income is $90,000 per year. What is the back-end ratio? O 45.6% O 50.6% O 48.5% 52.6%
Transcribed Image Text:$550,000 house at 3% interest, 30 year loan, assume 2.20% property tax, average home insurance at $1000 per year. Assume the LTV is 80%. You have $850 per month student loan, no other long-term loan, your income is $90,000 per year. What is the back-end ratio? O 45.6% O 50.6% O 48.5% 52.6%
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