Salinas Moreno
10/06/2024 · High School
Part A: Use the \( 28 / 36 \) rule to answer these questions. 1. Suppose Monique just got a new job that is going to be paying her \( \$ 37,000 \) annually, but she has to move to the job, so she's shopping for apartments. What amount should Monique be looking to keep her monthly rent under? She should keep her monthly rate at \( \$ 10,360 \) meaning her monthly rent shouldn't exceed \( 28 \% \) or .28 of her annual income of \( \$ 37,000 \).
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Monique should keep her monthly rent under approximately \$861.33.
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