Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.7 The Cost of Home Ownership - Concept and Vocabulary Check: 4

Answer

False

Work Step by Step

The statement in the exercise is false. We can make changes to produce a true statement, as follows: Financial advisers suggest that we spend no more than 28% of our gross monthly income for a mortgage payment.
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