You are a loan officer at the West Elm Savings and Loan. Mr. and Mrs. Brady are in your office to apply for a mortgage loan on a house they want to buy. The house has a market value of $170,000. Your bank requires 1/5 of the market value as a down payment. 1) What is the amount (in $) of the down payment?
$34,000

Correct: Your answer is correct.

2) What is the amount (in $) of the mortgage for which the Bradys are applying?
$

3) Your bank offers the Bradys a 30 year mortgage with a rate of 5%. At that rate, the monthly payments for principal and interest on the loan will be $5.37 for every $1,000 financed. What is the amount (in $) of the principal and interest portion of the Bradys' monthly payment?
$

4) What is the total amount (in $) of interest that will be paid over the life of the loan?
$

5) Your bank also requires that the monthly mortgage payments include property tax and homeowners insurance payments. If the property tax is $1,710 per year and the property insurance is $1,458 per year, what is the total monthly payment (in $) for PITI (principal, interest, taxes, and insurance)?
$

6) To qualify for the loan, bank rules state that mortgage payments cannot exceed 1/4
of the combined monthly income of the family. If the Bradys earn $3,750 per month, will they qualify for this loan?
Yes, they will qualify.
No, they will not qualify.

7) What monthly income (in $) would be required to qualify for this size mortgage payment?
$

Answer: question no. 1 -a. yes, the sides are in the ratio 2 : 5.question no. 2 -b. 59°question no. 3 -c. angles x and y are remote interior angles.question no. 4 -d. 90°, 45° and 45°question no. 5 -b. mn and qrstep-by-step explanation: question no. 1 -rs : xu = 3 : 7.5 = 2 : 5rt : x? = 6.4 : 16 = 2 : 5st : u? = 6 : 15 = 2 : 5as the ratios of all sides are equivalent, the triangles must be congruent and the sides must be proportional.therefore, the answer is: a. yes, the sides are in the ratio 2 : 5.question no. 2 -in the second diagram, angle b is the only letter not shown. therefore, the number must be equivalent to angle b.if we substitute the value of angle b as being 22° in the first diagram, we can now use the angle sum of a triangle to obtain the value of angle a.angle sum of a triangle = 180°therefore: let angle a = aa + 99 + 22 = 180a = 180 - 99 - 22a = 59°therefore, the answer is: b. 59°question no. 3 -angles x and y don't share the vertex of the triangle with the exterior angle w. remote interior angles don't share a vertex of a triangle with an exterior angle. this means that angles x and y are remote interior angles.therefore, the answer is: c. angles x and y are remote interior angles.question no. 4 -the sum of all interior angles of a triangle must be equivalent to 180°.90°, 45° and 45° are the only set of angle measures that are equivalent to 180°.therefore, the answer is: d. 90°, 45° and 45°question no. 5 -the only pair of sides stated in the options which are corresponding are mn and qr.therefore, the answer is: b. mn and qr.