Using a front-end ratio of 28 percent, one would need an annual gross income of at least ____ to buy a home with total monthly payments of $1,245

a. $43,057
b. $53,357
c. $62,250
d. $63,115

c

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The appraisal method used most often to value raw land or sites is the:

a. land development method. b. subdivision method. c. land residual method. d. comparative method.

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Income is a better predictor of purchases that have symbolic aspects but low moderate prices

Indicate whether the statement is true or false

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