the 15 y loan find the mo m entet ing mortgage t o 297095 Housing expenses are an important tota per bude the internet to what percent of a household's monthly income thond be f orhouang If the household income in Volusia county is $3500 per month an the following que a. what percent of household income should be to houding? b. Could a typical Volus county household afford the home with the mortgage? Why or why not? Ve Could a typical Volusia county household afford the home wit Why or why not? YES 10. What other expenses should a person o der for the monthly budget expenses affect the decision of whether to purchase a home? mortgage y budget? How might these A financial institution allows you to charge a ve financial institution at a later time. Part 2: Credit Cards Another type of personal loan is a credit card financial institution allows you to purchase to your account, and you are required to pay the financial institudo As with other loans, credit cards charge interest. Interest rates can ra cards charge interest. Interest rates can range from 3% - 2270 When you are paying for debt on a credit card, the financial institut balance be paid each month. The higher the interest rate that is a on a credit card, the financial institution will require a minimum 1. The higher the interest rate that is charged on the credit card, the larger the minimum payment will be. You can use credit card payoff calators the n the following link to dete how much to pay each month and how long it will take to pay off a credit card credit card calculator when using the credit card calculator he certain that the monthly charges (new spending of borrowing) are set to 0. Part 2 Exercises: Assume you have a balance of $1,800 on a credit card. Use the credit card payoff calculator to answer the following questions. 1. a. If the credit card has an annual interest rate of 13.6% and only the minimum monthly payment of $35 is made, how many months will it take to pay off the a 77 months moniply 35X7 month The intrest wil