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Alex787 [66]
3 years ago
15

How much can i spend on a house if i make 100k a year?

Business
1 answer:
Aloiza [94]3 years ago
4 0
<span>There is not one single correct answer to this question as it all depends on your other expenses like if you are having a car loan or any leftover education loan and other factors which affects your credit rating but to give you a general idea A traditional starting point is to shop for homes with a purchase price equal to two-and-a-half times your salary so about $250,000 Although $250,000 is a very realistic starting point, it may seem low to some people, especially those living in cities with higher home prices. Some experts suggest that you can afford a mortgage payment as high as 28% of your gross income. According to that estimation , annual salary of $100,000 can afford a monthly payment of about $2,300/month. That could translate to a $450,000 loan, assuming a 4.5% 30-year fixed rate. So check your other expenses and credit rating before deciding what you want and what you need.</span>
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The resort project would require a $20,500,000 investment. At the end of ten years, some of the equipment would have a salvage v
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Answer:

Net present value

Explanation:

<u>Missing Information    </u>

Weighted average cost of capital: 8% and  Solve for net present value:

investment: project outlay 20,500,000 + increase in working capital 450,000

F10 salvage value: 300,000 + 450,000 liberate working capital

cahsflow per year income 1,111,000

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 1,111,000.00

time 10

rate 0.08

1111000 \times \frac{1-(1+0.08)^{-10} }{0.08} = PV\\

PV $7,454,900.4342

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $750,000.00

time  10.00

rate  0.08000

\frac{750000}{(1 + 0.08)^{10} } = PV  

PV   347,395.1161

Net present value

7,454,900 + 347,395 - 20,500,000 - 450,000 = -13.147.705

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