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questions in image https://media.cheggcdn.com/media%2F1b2%2F1b203ab5-8805-4e0e-9015-8ba6527727be%2Fphp6UVADO.png 46. Anna Wasilewska is buying a house for $1 75,000. To obtain her mortgage, Anna must make a 15% down payment.
questions in image https://media.cheggcdn.com/media%2F1b2%2F1b203ab5-8805-4e0e-9015-8ba6527727be%2Fphp6UVADO.png
46. Anna Wasilewska is buying a house for $1 75,000. To obtain her mortgage, Anna must make a 15% down payment. The current mortgage rate is 5.0%. A) Determine the amount of the required down payment. B) Determine the monthly principal and interest payment for a 30-year mortgage with a 15% down payment. 47. A statistics student takes a poll of residents at a local retirement home to find out which presidential candidate the sample of residents favors. Based on her results, she makes a prediction about which candidate will win the election. Comment on the fairness of her prediction. What might she do to improve her poll? 20. You have a tax refund of $360.80. You are able to get the tax refund immediately from your tax preparation agency for a finance charge of $34.01. What annual simple interest rate are you paying for this loan, assuming the actual tax refund check would be available in 20 days? Round to the nearest hundredth. a. 16.97% b. 18.73% c. 169.67% d. 187.33% 23. The Jacksons? gross monthly income s $7500. They have 16 remaining payments of $240 on a new car and 3 remaining payments of $65 on a washer and dryer. The taxes and insurance on the house are $130 per month. The bank loan officer uses an adjusted monthly income multiplier of 28%. What maximum monthly payment does the banks loan officer feel that the Jacksons can afford? a. $2014.60 b. $2032.80 c. $2100.00 d. $2178.00Step by Step Solution
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