Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) Robert has a gross monthly income of 6800. according to the housing recomendations in the book how much can he devote to monthly housing

1) Robert has a gross monthly income of 6800. according to the housing recomendations in the book how much can he devote to monthly housing expenses.
2) according to the housing recommendations from the book, if a familt has a gross income od 75,100 how much of their monthly income can be devoted to the houseing expenses.
3) trevor plans on getting a 300,000 loan for 30 years to purchase a home. lender A offers him a 5% fixed interest rate, while lender B is willing to give bim a rate od 4.5%. how much less will the monthly payment be with lender B?.
4)the monthly morgage loan payment of the flynms home is 871$. additionally they pay 849$ in annual realt estate taxes and 564 per year in homeowners insurance. what is the total amount of their monthly payment.
5) find the monthly mortgage loan payment for a 227,000 loan at 2.0% for 30 years.
please round to the nearest whole NUMBER.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematical Control Theory And Finance

Authors: Andrey Sarychev, Albert Shiryaev, Manuel Guerra, Maria Do Rosário Grossinho

2008th Edition

3540695311, 978-3540695318

More Books

Students also viewed these Finance questions

Question

Identify five strategies to prevent workplace bullying.

Answered: 1 week ago