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Given that I make $71,550 yearly and a high school graduate makes $23,000 yearly. 2. Assume you are planning on spending a certain amount of
Given that I make $71,550 yearly and a high school graduate makes $23,000 yearly.
2. Assume you are planning on spending a certain amount of income towards a mortgage. The terms of the mortgage are 3.0% APR for 25 years. You plan on spending 25% of your monthly gross income towards your mortgage. Make sure to show at least 1 sample formula that you used in Excel to get the house price. 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 can afford? Use an absolute or relative change statement to compare the house prices of the high school graduate and| your houseStep by Step Solution
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