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Ryan, Engineer
Category: Pre-Calculus
Satisfied Customers: 8617
Experience:  B.S. in Civil Engineering
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# You make \$30,000.00 and your spouse makes \$35,000.00. Using

### Customer Question

You make \$30,000.00 and your spouse makes \$35,000.00. Using the 20% to 25% range, calculate the least and greatest amount you spend on housing.

Choose the best answer from the options below:
A \$13,000 - \$16,250
B \$14,000 - \$17,250
C \$15,000 - \$18,250
D \$16,000 - \$19,250

You make \$32,000.00 .Using the 20% to 25% range, calculate the least and greatest amount you should spend on housing.

Choose the best answer from the options below:
A \$6200 - \$8000
B \$6300 - \$8000
C \$6400 - \$8000
D \$6500 - \$8000

42,500.00 and your spouse makes \$37,750. Using the 20% to 25% range, calculate the least and the greatest amount you should spend on housing.

Choose the best answer from the options below:
A \$13,050 - \$17,062.50
B \$14,050 - \$18,062.50
C \$15,050 - \$19,062.50
D \$16,050 - \$20,062.50

You are paying \$1,175.00 a month for rent and you earn \$42,500.00. What percent of your income are you spending for rent?

Choose the best answer from the options below:
A 33.18 %
B 34.18 %
C 35.18 %
D 36.18 %

You spend \$6,380.00 a year for rent. This is 22 % of your income. What is your income?

Choose the best answer from the options below:
A \$27,000
B \$28,000
C \$29,000
D \$30,000

You make \$35,000.00. You could purchase a home at 250% to 300% of your income. What is the least and most you could spend on a home?

Choose the best answer from the options below:
A \$97,500 - \$105,500
B \$87,500 - \$105,500
C \$67,500 - \$105,500
D \$55,500 - \$105,500

You are purchasing a home for \$310,000.00. You are going to apply for a mortgage. The lending institution requires a 20% down payment. What is the down payment?

Choose the best answer from the options below:
A \$60,000
B \$61,000
C \$62,000
D \$63,000

You are purchasing a home for \$310,000.00. You are going to apply for a mortgage. The lending institution requires a 20% down payment. What is the down payment?

Choose the best answer from the options below:
A \$60,000
B \$61,000
C \$62,000
D \$63,000

Monthly Payment for a \$1,000 Loan
Annual Interest Rat Length of Loan in Years
20 25 30
6.00 % \$7.16 \$6.44 \$6.00
6.50% \$7.46 \$6.75 \$6.32
You are applying for a \$175,000.00 loan at an annual percentage rate of 6.5 % for 30 years .
What is the monthly payment?

Choose the best answer from the options below:
A \$1006
B \$1106
C \$1206
D \$1306

You get a loan of \$175,000.00 for 30 years. Your monthly payment is \$1106.00. Calculate the total amount paid and the amount of interest paid.

Choose the best answer from the options below:
A Total = \$368,160 Interest = \$200,000
B Total = \$378,160 Interest = \$210,000
C Total = \$388,160 Interest = \$220,000
D Total = \$398,160 Interest = \$223,160
Submitted: 4 years ago.
Category: Pre-Calculus
Expert:  Ryan replied 4 years ago.
Hi,

Here are the solutions:

Solutions

Thanks,

Ryan
Customer: replied 4 years ago.
i will not accept becuase you have not answer the math problems
Expert:  Ryan replied 4 years ago.
Hi,

The answers were highlighted in the document that was in the link in my previous post.

Do you need to see the calculations too?

Thanks,

Ryan

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