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O Caculating the amount for a home Equity Loan: A few years ago, Michael purchased a home for $200,000. Today the homeis Worth $30oooo. His remaining mortgage balance $108,06o. Assumina Michael can borrow up to 80% of the market value f his home what is the maximum amount he can borrow? b) Calculating the Debt-to-Equity Ratis Robert owns a $140,ooo town House and still has an unpaid mortgage of $110,ooo. In addition to his mortgage, he has the following liabilities: Visa $65 Master Card $480 Discover 395 Bducation LoaN 920 Persona bank loan 800 Auto Loan $4,250 Total: $7,410 Robert's Net worth not induding his home is about $21,000. This equity is in motual funds, an automobile, a coin collection and other personal property. What is Robert's furniture). debt to equity ratio of debt obligati dus? Has he reached upper Explain. Norppuse inal your monthly incomeis$2,400.- Suppose that the Dept Payments-to-IncomeRatio Your monthly, deft payments include your tot Caro The total sau payment and a glas Gredit What is your payment (debt) -to-Income Patio @ Analyze a Spending Plan. Carl's house payment is & 1,050 per month and his car payment is $385 per month. If Carl's take home pay is $2,800 per month , what percentage doe's Carl spend ON his home and car? @ Analyzing a Spenting Plan: In the above example, What does Carl Spend on His paymenti