3. Hunter earns $750 net per week. He lives alone in a 1-bedroom apartment. The monthly rent is $785. What percent of his monthly net income is spent on rent? Assume a 4-pay month. 4. a) Yasmine earns $15.75 per hour and works 35 hours per week. She has a young child and feels that she cannot spend more than 30% of her income on rent. What is the maximum monthly rent that she should pay? Assume a 4-pay month. b) Given your knowledge of the cost of housing in your community, suggest a strategy Yasmine could use to help her afford an apartment. 5. This year, the monthly rent for a condominium is $1060. If the annual percent rent increase for next year is set at 3.1%, what will be the monthly rent for the condominium next year? 6. • You have just graduated from high school and landed a job in the community nearest you. Circle the community: Niagara Falls, • Your starting wage will be $20.40 per hour and you will work 40 hours per week. • If you decide to take the job, you need to move to that city a) Complete the chart. Round your calculations to the nearest dollar. Weekly Gross Income: Weekly Net Income (Assume 85% of Gross Income) Monthly Net Income (Assume 4 pays a month) b) What is the maximum amount that you should consider spending for rent? $_________ Explain why.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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3. Hunter earns $750 net per week. He lives alone in a 1-bedroom apartment. The monthly rent is $785. What percent of his monthly net income is spent on rent? Assume a 4-pay month. 4. a) Yasmine earns $15.75 per hour and works 35 hours per week. She has a young child and feels that she cannot spend more than 30% of her income on rent. What is the maximum monthly rent that she should pay? Assume a 4-pay month. b) Given your knowledge of the cost of housing in your community, suggest a strategy Yasmine could use to help her afford an apartment. 5. This year, the monthly rent for a condominium is $1060. If the annual percent rent increase for next year is set at 3.1%, what will be the monthly rent for the condominium next year? 6. • You have just graduated from high school and landed a job in the community nearest you. Circle the community: Niagara Falls, • Your starting wage will be $20.40 per hour and you will work 40 hours per week. • If you decide to take the job, you need to move to that city a) Complete the chart. Round your calculations to the nearest dollar. Weekly Gross Income: Weekly Net Income (Assume 85% of Gross Income) Monthly Net Income (Assume 4 pays a month) b) What is the maximum amount that you should consider spending for rent? $_________ Explain why.
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