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Mathematical Questions (Answer 5 out of 7 ) (125 points) Show all your work for full credit. Results without calculations will count like incorrect answers.
Mathematical Questions (Answer 5 out of 7 ) (125 points) Show all your work for full credit. Results without calculations will count like incorrect answers. 1. You would tike to buy a house and are thinking about your budget. You have $45,000 in cash that you could use as a down payment. You are also willing to pay $3,050 per month for your mortgage over the next 30 years. After checking various offers, you decided that you would like to have a fixed interest mortgage. the best one that suits you is currently sold with a yearly interest rate of 9%h. Please calculate the upper price celling for any house you might be able to purchase. 2. You are applying the sales comparison approach to estimate the value of a un of real estate. In the process, you established that the best comparison. Houst which was sold 4 months ago for $600,000. Another house (House B) was sc for the last time 1.5 years ago. At that time, it was sold for $500,000. It sold ia today for a total price of $590,000. What is the monthly rate of increase? Wh the adjusted price of house A? (You can ignore any other adjustments or complications that might arise in the real world)
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