Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage applications. (Round your answers to two decimal places.) Monthly Other Monthly Total Monthly PITI Housing Expense Ratio (%) Obligations Ratio (%) Applicant Gross Financial Income Expense Obligations Martin $3,700 $605 $640 %

Q: A house is purchased for $368,000 with a 20% down payment. A mortgage is secured at 6% for 20 years.…

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Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: Amount financed = $13000  Number of payment =36  Monthly payment = $454 FInd finance charge, finance…

Q: Investigate the effect of the interest rate on home loans by finding the monthly payment and the…

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Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

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Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: Given: The finance charge per $100. The amount financed is $13000. Number of payments = 36. The…

Q: Use the following amortization chart: Selling price of home: $94,000 Down payment: $4,000…

A: Given: Selling price of home = $ 94,000 Down payment = $ 4000 Principal (loan), P= $ 90000 Rate of…

Q: Use the following amortization chart: Selling price of home: $98,000 Down payment: $6,000…

A: The mortagage payment is $552  The mortgage is for 30 years. Therefore, total amount paid in 30…

Q: Find the amount of simple Interest on a loan of $4,500 at 9% Interest for 15 years. O $427.50 O…

A: Profit and loss

Q: Find the exact interest on a loan of $7500 at 13% annually made on July 17 and due November 30.…

A: Given: P = $ 7500 r= 13% Time period in days, n = 136 (not including the due date)

Q: Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage…

A: Find the Housing expense ratio and total obligations ratio in percentage .

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: Given information Amount financed=$17,950 Number of payments=48 Monthly payment=$551.47 We have to…

Q: Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage…

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Q: Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage…

A: See the handwritten solution

Q: Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage…

A: To calculate- Housing expense ratio                        total obligation ratio

Q: Phil Armstrong earns a gross income of $5,355 per month. He has submitted an application for a…

A: Given that, monthly gross income is $5,355,  monthly PITI is $1,492 and  other financial obligation…

Q: Calculate the interest (in $), purchase price (in $), and effective interest rate (as a %) of the…

A: Given, The Face value =$70,000 Discount Rate =4.60% To find the Term, Interest, Purchase Price &…

Q: Calculate option price, put and call , strikes +/- 5% Present price 3,475 Number of days 730…

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Q: Calculate the finance charge and new balance using the previous balance method. Previous balance…

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Q: #8. House Price: $102, 600 Terms: 5% Down Payment Yearly Taxes: $1974 APR: 3.625% on 15 years…

A: It is given that House price-$102,600 Terms-5% down payment Yearly taxes-$1974 APR-3.625% on 15…

Q: Note: Round all answers to the nearest cent when necessary. Calculate the amount financed, the…

A: Given: Purchase price =$ 2700, Down payment=0 Monthly payment=$188.69 Number of payments=18

Q: For a universal life insurance policy with a death benefit of 150,000, you are given: a) The…

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Q: What is the amount owed for an installment loan to Finance Plan Product kitchen appliances $6000.00…

A: Given:-                           Finance plan product kitchen appliances price $ 6000…

Q: Loan amount 350,000 $. Loan term 30 years, annual interest rate 6 %, payment frequency monthly.…

A: Formula for monthly payment is A =Pr(r+1)n(1+r)n-1 where  P is the loan amount A is the monthly…

Q: An invoice for $3200, dated March 20, terms 3/10 E.O.M., was received March 23. What payment must be…

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Q: A bond has the following terms: Principal amount $1,000 Annual interest paid $100 Maturity 10 years…

A: Given, PV= $1000 Intrest(I)= $100 Maturity(T)= 10 years Therefore, FV= 1000+(100*10) FV= $2000

Q: Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage…

A: Given: Applicant = Emerson  Monthly Gross Income = 2,900  Monthly PITI Expense = 655 Other Monthly…

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

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Q: Julius takes out a loan of $8,500, at 9.5% simple interest, for 3 months. What is the maturity value…

A: Interest , I=PRT100where P is the principalR is the rateT is time in yearsMaturity value =Amount…

Q: Calculate the creditor's turnover ratio and debt payment period from the following information:

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Q: Health Costs. Assume that you have a (relatively simple) health insurance plan with the following…

A: Part(a): Given, For Office Visit $ 25 Emergency Room Visit $200 Surgical Operation $1000 Monthly…

Q: Using the ordinary dating method, calculate the discount date and the net date for the transaction.…

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Q: Complete the table.  Interest  Principal  Rate  Time (Days)  P300  P30,000  8%    P450…

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Q: Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage…

A: Given that: Monthly gross income = $2600   Monthly PITI expense = $777   Monthly financial…

Q: Jane Smart plans to make the following deposits in an account towards cash purchase of a real estate…

A: *Answer:  A. R = 12% Amount in the account after the last deposit = 6000*1.12^4 + 14000*1.12^3 +…

Q: calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage…

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Q: ack Fitzgerald wishes to purchase a used car that has a cash price of ​$12,000. The installment…

A: Given that          Jack Fitzgerald wishes to purchase a used car that has a cash price of $ 12,000.…

Q: Investigate the effect of the interest rate on home loans by finding the monthly payment and the…

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Q: Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days…

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Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: Given: The finance charge per $100 Number of payments = 36. Total payments=$454.00 Amount…

Q: Find the mortgage payment for a 15-year loan of $223,300 at an annual interest rate of 8.25%. (Round…

A: n =12  t =15 A = $223300  r =8.25%.

Q: Calculate the missing information for the installment loan that is being paid off early. Sum-of-the-…

A: Given  Number of payments = 18 Payment made = 6

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: Given information Amount financed=$17,950 Number of payments=48 Monthly payment=$523.47 First, we…

Q: Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days…

A: Given Balance = $300 APR = 17% Payment = $50

Q: Suppose you want to purchase a ​$322,000 ​home, and you have the required ​$60,000 down payment in…

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Q: Complete the following amortization chart by using Table 15.1. (Round your answers to the nearest…

A: Given, Selling price of home = $183000 Down payment = $40000 Principal loan amount = 183000 - 40000…

Q: For the following loan, find (a) the finance charge and (b) the APR. Joel financed a $1995 computer…

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Q: Using this table as needed, calculate the required information for the mortgage. (Round dollars to…

A: According to question given thatAmount financed=$162,300Interest Rate=7.25%Term of loan(years)=15

Q: Consider the following loan. Complete parts (a)-(c) below. An individual borrowed $90,000 at an APR…

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Q: a) Calculate the total cost of the home, including the down payment. Round your answer to the…

A: Here total cost of home includes the down-payment and total no of time mortage pay

Cylinders

A cylinder is a three-dimensional solid shape with two parallel and congruent circular bases, joined by a curved surface at a fixed distance. A cylinder has an infinite curvilinear surface.

Cones

A cone is a three-dimensional solid shape having a flat base and a pointed edge at the top. The flat base of the cone tapers smoothly to form the pointed edge known as the apex. The flat base of the cone can either be circular or elliptical. A cone is drawn by joining the apex to all points on the base, using segments, lines, or half-lines, provided that the apex and the base both are in different planes.