$187,500 is cost of house. 20%, or $37,500 is the down payment. The loan amount would be $187,500 - $37,500 = $150,000. If we assume the annual rate of the loan is 4.65% Then the monthly rate would be 4.65%/12 = 0.3875% If the loan is $150,000, the interest is 0.3875% The interst for the first month is $150,000 * 0.3875% = $581.25. You stated that their payment is $1,575. So the amount that pays off the loan is $1,575 - $581.25 = $993.75. At the end of the month, they owe $150,000 - $993.75 = $149,006.25 For the second month, the amount of the payment that goes towards intrest is $149,006.25 * 0.3875% = $577.40. and the amount that goes towards the loan is $997.60. At the end of the second month they owe $148,008.65. Regarding realized income, we recommend a monthly loan payment not to exceed 28% of the monthly income. So if a payment of $1,575 is 28% of Gross, then the math is : $1,575 = 0.28*Gross. Gross = $5,625 monthly. About $67,500 annually. About $33.75 an hour.
Answer:
4.6538474e+15
Step-by-step explanation:
For page 1:
4. H
5. B
6. F, G and H
How many excluded value(s) are there? the answer is 1
Answer:
x=2.5
Step-by-step explanation:
3(17x – 6.5) = 108
Divide each side by 3
3/3(17x – 6.5) = 108/3
17x - 6.5 =36
Add 6.5 to each side
17x -6.5+6.5=36+6.5
17x = 42.5
Divide each side by 17
17x/17 = 42.5/17
x = 2.5
