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if any could kindly help me with this question pls!! Question 6 (5 points) Amy and Paul are a young married couple with a cat,

if any could kindly help me with this question pls!! image text in transcribed
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Question 6 (5 points) Amy and Paul are a young married couple with a cat, but no children. They are currently renting an apartment, but are considering buying a house. They have created the following budget based on the house they hope to purchase. Amy & Paul's Budget Combined Net Income $ 4,142.00 Expenses Mortgage $ 1,205.68 Property Tax $265.98 House Insurance $36.42 Electricity $ 100.00 Natural Gas Heating $ 50.00 Food $ 600.00 TV/Phone/Internet $ 125.00 Clothing $ 200.00 Car Loan Payments $ 745.52 Car Insurance $ 212.63 Gasoline $ 75.00 Life Insurance $ 45.00 Travel Fund $ 200.00 Gifts $ 60.00 Total Expenses $ 3,921.23 Income - Expenses $ 220.77 List any expenses that you feel have been omitted. Revise the budget to include these expenses. If necessary, reduce discretionary expenses so that income still exceeds expenses. Click here for a spreadsheet of the budget. > Question 7 (5 points) The combined gross annual income of Amy and Paul is $64 800. Calculate both the Gross Service Debt and Total Service Debt ratios. According to these ratios, is this house affordable for Amy and Paul? N Use the TVM Solver for the following problems

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