1. Jonas Mayo is looking to buy a house. He is qualified to finance it at 7% interest on a 30-year loan. Assuming Jonas can afford annual payments equal to 50% of his annual income after expenses (net income), calculate the amount Jonas can borrow. Gross Annual Salary - $75,000 Car Monthly Expenses - $ 400 Credit Card Monthly Expenses - $300 2. Wanda Sotheby purchased 100 shares of All-American Manufacturing Company stock at $49.50 a share. One year later, she sold the stock for $38 a share. She paid her broker a $14 commission when she purchased the stock and a $14 commission when she sold it. During the 12 months that she owned the stock, she received $80 in dividends. Calculate Ms. Sotheby's total return on this investment