Mathematics, 05.10.2021 21:40, ellisc7044

Please helpppAdvice from most financial advisers states to spend no more than 28% of one's gross monthly income for one's mortgage payment, and to spend no more than 36% of one's gross monthly income for one's total monthly debt. Suppose a family has a gross annual income of $38,400.a. What is the maximum amount the family should spend each month on a mortgage payment?b. What is the maximum amount the family should spend each month for total credit obligations?c. If the family's monthly mortgage payment is 60% of the maximum they can afford, what is the maximum amount they should spend each month for all other debt?

Answers: 3

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 18:30, nena4200

Ricky takes out a $31,800 student loan to pay his expenses while he is in college. after graduation, he will begin making payments of $190.66 per month for the next 30 years to pay off the loan. how much more will ricky end up paying for the loan than the original value of $31,800? ricky will end up paying $ more than he borrowed to pay off the loan.

Answers: 2

continue

Mathematics, 21.06.2019 19:30, MariaIZweird7578

Combine the information in the problem and the chart using the average balance method to solve the problem.

Answers: 2

continue

Mathematics, 21.06.2019 20:30, ciannajustine

Drag the tiles to the correct boxes to complete the pairs. not all tiles will be used. match each division expression with the correct quotient.

Answers: 2

continue

Mathematics, 21.06.2019 21:20, caseypearson377

Sam is a waiter at a local restaurant where he earns wages of $5 per hour sam figures that he also eams about $3 in tips for each person he serves sam works 6 hours on a particular day. if n represents the number of people sam serves that day, which of the following functions could sam use to figure ehis total earings for the do o a. en) = 30 o b. en) = 5n+ 18

Answers: 2

continue

Do you know the correct answer?

Please helpppAdvice from most financial advisers states to spend no more than 28% of one's gross mon...