Assume you are planning on spending a certain amount of income towards a mortgage. The terms of the mortgage are $7\mathrm{.}29\%$ APR for $30$ years. You plan on spending $25\%$ of your monthly gross income $($from the earlier parts of this project$)$ towards your mortgage. Make sure to show both formulas that you used in Excel to get the house prices.

If you spend $25\%$ of your monthly salary towards a house, what is the highest price house you can afford?

What is the highest priced house a high school graduate $($with an annual salary of $$40,000)$ can afford?

Use both an absolute change and relative change statement to compare the house prices of the high school graduate and your house.

Assume a standard $7\mathrm{.}29\%$ APR and saving $25\%$ towards a house.

How many years would it take for your monthly payment to afford the high school graduate$$s house? In other words, if you used your college monthly salary $(25\%$ of gross income$),$ in how many years could you pay off the high school graduate$$s mortgage?

Write an absolute change sentence comparing the $30$ years for a high school graduate to afford a house and the years needed by the college graduate.

The written portions of the project will consist of answering short answer questions. Each short answer should be a minimum of $3$ sentences and $50$ words. For each, use proper quantitative reasoning and wording to address the solution where appropriate. This should include sophisticated and elegant solutions to clearly convey your message to the reader.