I have chosen is Dental Hygienist because I love it. It is my dream job for a long time. Iwant to become a lecturer in this particular field. The annual salary is $76,220.00 compared to ahigh school graduate of $23,000.00 is much higher by an absolute $53,220.00. The high schoolannual income is 69.82% less than the job that I have chosen.

Assume you are planning on spending a certain amount of income towards a mortgage. The terms of the mortgage are 1.85% APR for 30 years. You plan on spending 32% 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 32% 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 house.