Mary wants an FHA loan to buy a house. She would have these monthly expenses: $536.82 Principal and Interest ($100,000 at 5% for 360 months) $ 53.00 Property Taxes $ 25.00 Homeowners Insurance $ 95.83 MIP (FHA Mortgage Insurance Premium based on 96% LTV) +$ 90.00 Homeowners Association Dues $800.65 Total Housing Expense (PITI) What should Mary’s required stable monthly gross income be to qualify for this loan?

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step-by-step explanation:

the graph in the attached figure

step-by-step explanation:

we have

using a graphing tool

the graph in the attached figure

the roots are ( x-intercepts) x=-0.5,x=1,x=3

the y-intercept is the point (0,3)

answer

d. 10

explanation

the distance from point y to wx is the height of the triangle.

using pythagoras theorem,

group similar terms to get,

this implies that,

take positive square root of both sides to get,

this implies that,