Answer:
annual income = $22316.98
Step-by-step explanation:
given data
annual loan payments = 58.6 % of annual income
total loan payments = $13,077.75
to find out
annual income
solution
we have given equation that
58.6% of annual income = loan payments
we consider here annual income = x
then equation will be
58.6 % of x = $13,077.75
0.586 x = 13,077.75
x = $22316.98
so annual income = $22316.98
