If your gross income is OMR 1800 per month, and you need a housing loan. What is the maximum amount of housing loan you can get for repayment in 14 years from a lender following the 28/36 debt-to-income ratio, if interest rate is 6.3%? Select one: O a. 56168 OMR [approximately] O b. 1.4101 OMR [approximately] c. 450 OMR [approximately] O d. None O e. 86100 OMR [approximately]

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
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If your gross income is OMR 1800 per
month, and you need a housing loan.
What is the maximum amount of
housing loan you can get for
repayment in 14 years from a lender
following the 28/36 debt-to-income
ratio, if interest rate is 6.3%?
Select one:
O a. 56168 OMR [approximately]
O b. 1.4101 OMR [approximately]
c. 450 OMR [approximately]
O d. None
O e. 86100 OMR [approximately]
Transcribed Image Text:If your gross income is OMR 1800 per month, and you need a housing loan. What is the maximum amount of housing loan you can get for repayment in 14 years from a lender following the 28/36 debt-to-income ratio, if interest rate is 6.3%? Select one: O a. 56168 OMR [approximately] O b. 1.4101 OMR [approximately] c. 450 OMR [approximately] O d. None O e. 86100 OMR [approximately]
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