Question
Example #2: Yvonne wants to purchase a home. Her gross monthly income is $6000. She has 15 remaining monthly car payments of $360; she has
Example #2: Yvonne wants to purchase a home. Her gross monthly income is $6000. She has 15 remaining monthly car payments of $360; she has six monthly installments on credit cards each in the amount of $240. The projected property taxes will be $3000 quarterly. The homeowner's insurance is anticipated at $2400 annually.
What percent of her gross monthly income are her housing related expenses? Express, rounded if necessary, as a whole percent with percent symbol.
What percent of her gross monthly income are her total expenses? Express, rounded if necessary, as a whole percent with percent symbol.
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