Answer:
The answer is $586.20
Step-by-step explanation:
You (or your parents) have a realized income of $1,046.78/every 2 weeks.
That means monthly salary is = [tex]2\times1046.78=2093.56[/tex]
As nothing is specified, so we can consider the 28/36 Rule to solve this question. This rule states that a household should spend a maximum of 28% and no more than 36% on total debt service.
So, 28% of 2093.56 is = [tex]0.28\times2093.56=586.19[/tex]≈$586.20
Hence, the answer is $586.20
