Question

Homework: Unit 6 MML Graded Practice Score: 0 of 3 pts 14 or 14 (13 complete)V > HW Score: 70%, 21 of 30 pts 11.5.17 Question Help The Ad e 's gross monthly incomne is S 600 They have 18 remaining payments of S370 on a new c. They are applying fr a ye St20 000 mortgage a 7 0% The taxes and insurance on the house are 5310 per month. The bank will only approve a loan that has a total monthly mortgage payment of principal, interest, property taxes, and homeowners insurance that is less than or equal to 28% of their adjusted monthly income Chck hore for table of Monthly Payments a) Determine 28% of the Adeeva's adjusted monthly income. (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer Check Answer Clear All 31 AM 5/23/2019 O Type here to search g payments of $370 on a new car. They are applying for a 15-year, $120,000 mortga s a total monthly mortgage payment of principal, interest, property taxes, and homeo Monthly Principal and Interest Payment per $1000 of Mortgage- Number of Years Rate % 10 15 20 25 30 40 $10 12451 $7.39688 $605980 $527837 S4.77415 4.5 10.36384 7.64993 632649 5 55832 5.06685 5.0 10.60655 790794 659956 584590 5.36822 6.14087 5.67789 60 10205 843857 7.16431 6.4401 5.99551 65 1135480 8.71107 745573 6.75207 632068 0 6085 898828 7.7299 06779 665302 7.38991 699215 5.5 10.85263 8.17083 687 75 1187018 927012 80593 swer 80 12 13276 955652 83640 7.71816 733765 12 39557 984740 867823 805227 708913 90 12.66758 10.14267 899726 8 39196 8.04623 85

Answer 1

ne ehr ven Adeeva's goss in come is 5600 ents of 30 on a ne can hawe. 18 "remaining fa m dpp roy a 15 year, $120,000 at 3l0 pe month the heuse are Tores andinsurance on determine 28%of the Adee vas adjusted manthly 21% a)'The objective is to income. Adeeva's gross monthly income is = 5600-370 5230 "Then 28% op Adeeva's joss moh : 1+64,L 287 of AGmI -$ 14644