The Adeeva s gross monthly income is 7600 They have 18 remaining payments of 390...

90.2K

Verified Solution

Question

Basic Math

image

The Adeeva s gross monthly income is 7600 They have 18 remaining payments of 390 on a new car They are applying for a 20 year 167 000 mortgage at 7 0 The taxes and insurance on the house are 490 per month The bank will only approve a loan that has a total monthly mortgage payment of principal interest property taxes and homeowners insurance that is less than or equal to 28 of their adjusted monthly income Click here for table of Monthly Payments a Determine 28 of the Adeeva s adjusted monthly income 2018 8 Round to the nearest cent b Determine the Adeeva s total monthly mortgage payment including principal interest taxes and homeowners insurance Round to the nearest cent

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students