Based on Cristal's gross semimonthly salary, the maximum mortgage she can borrow is $142,488
What is the maximum mortgage that can be borrowed?
This can be found by the formula:
= Gross semimonthly salary x 24 x 2
Solving gives:
= 2,968.50 x 24 x 2
= $142,488
In conclusion, she can borrow $142,488.
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