Business, 18.11.2019 21:31, Buttercream16
Mortgage affordability seth and alexandra moore of elk grove village, illinois have an annual income of $120,000 and want to buy a home. currently, mortgage rates are 6.0 percent. the moores want to take out a mortgage for 30 years. real estate taxes are estimated to be $5,400 per year for homes similar to what they would like to buy, and homeowner's insurance would be about $1,260 per year. a. using a 28 percent front-end ratio, what are the total annual and monthly expenditures for which they would qualify? round your answers to the nearest dollar. b. total annual expenditures $ monthly expenditures $ using a 36 percent back-end ratio, what monthly mortgage payment (including taxes and insurance) could they afford given that they have an automobile loan payment of $460, a student loan payment of $300, and credit card payments of $230? (hint: subtract these amounts from the total monthly affordable payments for their income to determine the amount left over to spend on a mortgage.) round your answer to the nearest dollar. $ c. using a 36 percent back-end ratio, if the moores had zero debt, what monthly mortgage payment (including taxes and insurance) could they afford? round your answer to the nearest dollar. $
Answers: 1
Business, 22.06.2019 14:30, dabicvietboi
Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.
Answers: 1
Business, 22.06.2019 20:20, baby851
You are the cfo of a u. s. firm whose wholly owned subsidiary in mexico manufactures component parts for your u. s. assembly operations. the subsidiary has been financed by bank borrowings in the united states. one of your analysts told you that the mexican peso is expected to depreciate by 30 percent against the dollar on the foreign exchange markets over the next year. what actions, if any, should you take
Answers: 2
Business, 22.06.2019 21:00, graysonisok
Noah met an old friend at a coffee shop. he jotted down the friend's new phone number, but later that afternoon he could not find it or remember what he had done with it. a couple of days later, noah went back to the coffee shop, and while waiting in line, he suddenly remembered where he had put the phone number. this is an example of:
Answers: 1
Mortgage affordability seth and alexandra moore of elk grove village, illinois have an annual income...
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