Posted by **Anonymous** on Monday, March 24, 2008 at 11:21am.

Hi I have post this question before but was not able to get the answer and this is all the information in the questions this is a question for "affordable payments" Please help

The Browns’ gross monthly income is $2900. They have 12

remaining payments of $410 on a new car. What maximum monthly

payment does the bank’s loan officer feel that the Browns can afford?

- Maths -
**Reiny**, Monday, March 24, 2008 at 12:37pm
The reason you did not get an answer is because this cannot be answered "mathematically".

There are too many factors and variables to consider.

e.g.

What is their disposable income ?

Are there mortgage or rent payments?

What portion of their net income does the bank consider safe as a carpayment?

What is the total of their food bill, utilities, insurance, etc?

Your question is much too vague.

- Maths -
**Ms. Sue**, Monday, March 24, 2008 at 2:55pm
Your explanation is the only one that makes any sense out of this very poorly worded question.

## Answer This Question

## Related Questions

- Maths - The Browns’ gross monthly income is $2900. They have 12 remaining ...
- Maths - Can pls someone explain me this ? Thank you The Browns’ gross monthly ...
- Finanal - using the maximum ratios for a conventional mortgage, how big a ...
- Personal Finance - B. Using the maximum ratios for a conventional mortgage, how ...
- to KEEGAN - Please use "Post a New Question" and then be sure to ask a question...
- Geometry - I HAVE A QUESTION. When I post a question and there is now response ...
- To Ani - re Afrikaans post - I have deleted your post because you included your ...
- real estate finance - I need to find the mortgage loan amount and can't remember...
- chemistry - Predict the precipitate that forms: HCl + AgNO3 --> ??? i don't ...
- Personal Finance - PLEASE HELP ME ASAP!!!!!!!!!!!! 32. Which is not a horrible ...

More Related Questions