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A public relations specialist earns $54,000 salary each year. He/she wants to spend no more than three times his/her salary on a house. a) What

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A public relations specialist earns $54,000 salary each year. He/she wants to spend no more than three times his/her salary on a house. a) What is the maximum price of a home that he/she is willing to pay if they don't want to spend more than three times the salaray? $ b) If a 15% down payment is required and he/she buys a home for the amount in part a), what is the loan amount for the mortgage (after the 15% down payment)? $ c) If he/she buys a home for the maximum he/she can afford with a 15% down payment (answer from part b), what is the monthly mortgage payment for a 20 year fixed interest loan at 4.45% compounded monthly? A public relations specialist earns $54,000 salary each year. He/she wants to spend no more than three times his/her salary on a house. a) What is the maximum price of a home that he/she is willing to pay if they don't want to spend more than three times the salaray? $ b) If a 15% down payment is required and he/she buys a home for the amount in part a), what is the loan amount for the mortgage (after the 15% down payment)? $ c) If he/she buys a home for the maximum he/she can afford with a 15% down payment (answer from part b), what is the monthly mortgage payment for a 20 year fixed interest loan at 4.45% compounded monthly

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