rahul_tgsp wrote:In Millington, a city of 50,000 people, Mercedes Pedrosa, a realtor, calculated that a fimily with Millington's median family income,$28,000 a year, could afford to buy Millington's median-priced $77,000 house. This calculation was based of an 11.2 percent mortgage interest rate and on the realtor's assumption that a family culd only afford to pay up a 25% of its income for housing.

Which of the following correctins of a fugure appearing in the passage above, fir it were the only correction that needed to be made, would yield a new calculation showing that even below the median family income would enable families in Millington to afford Millington's median- priced house?

A. Millington's total population was 45,000 people
Population and its effects on housing is not discussed. Thus out of scope.
B. Millington's median annual family income was $27,000
This option disables the median income family from owning a house.
C. Millington's median-priced house cost $80,000
Same as B.
D. The rate at which piople in Millington had to pay mortgage interest was only 10%
This option talks that if the rate of interest is reduced the overall costing of the house would be reduced making it much cheaper to buy. Thus correct.
E. Families in Millington could only afford to pay up to 22% of their annual income for housing
Same as B.

[spoiler]got to the ans but rn't really happy[/spoiler]

source unsure