5. Peter wants to buy a duplex with a purchase price of $227,000. Peter can afford a 15% down payment. Peter earns $2,500 a month and wants to spend no more than 10% of his income on
his mortgage payment. Peter is going to rent out the other half of the duplex. He thinks that if he
charges $900 a month in rent this will cover the remainder of his mortgage payment. Given that
Peter has a 30 year mortgage with a fixed rate of 6.5%, how should Peter adjust how much he
charges for rent of the other half of the duplex?
P= 227000 - 0.15(227000)
P
(1-(1+5)(-+-))
= 1219.57525133
X
p=227000 - 0.15(227000
P = 192950
0.065
-10
10
1219.58 - 250 = 969.56
969.56 - 900 = = 70 increase

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Your heart’s been aching

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Ad if you ask me how I’m feeling,

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Never gonna give you up,

Never gonna let you down,

Never gonna run around and desert you.

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Never gonna give you up,

Never gonna let you down,

Never gonna run around and desert you.

Never gonna make you cry,

Never gonna say goodbye,

Never gonna tell a lie and hurt you.

Give you up. give you up.

Give you up, give you up.

Never gonna give

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Never gonna give

Never gonna give, give you up.

We’ve known each other for so long

Your heart’s been aching

But you’re too shy to say it.

Inside we both know what’s been going on,

We know the game and we’re gonna play it.

I just wanna tell you how I’m feeling,

Gotta make you understand…

Never gonna give you up,

Never gonna let you down,

Never gonna run around and desert you.

Never gonna make you cry,

Never gonna say goodbye,

Never gonna tell a lie and hurt you.

Never gonna give you up,

Never gonna let you down,

Never gonna run around and desert you.

Never gonna make you cry,

Never gonna say goodbye,

Never gonna tell a lie and hurt you.

Never gonna give you up,

Never gonna let you down,

Never gonna run around and desert you.

Never gonna make you cry,

Never gonna say goodbye,

Never gonna tell a lie and hurt you.

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