Jamie and Alice Newmark have a combined monthly gross income of $9,604 and monthly financial obligations totaling $2,911. They plan to buy a home with a mortgage whose monthly PITI will be $2,006. (a)What is Jamie and Alice's combined housing expense ratio (in %)? (Round your answer to the nearest tenth of a percent.)  _____% (b)What is their total obligations ratio (in %)? (Round your answer to the nearest tenth of a percent.) _______ % (c)What kind(s) of mortgage can they qualify for, if any?   A. They can qualify for a conventional mortgage under the lending guidelines, but not an FHA mortgage. B. They can qualify for an FHA mortgage under the lending guidelines, but not a conventional mortgage.     C. They can qualify for both a conventional mortgage and an FHA mortgage under the lending guidelines D. .They can qualify for neither a conventional mortgage nor an FHA mortgage under the lending guidelines.   (d)By how much (in $) would they need to reduce their monthly financial obligations in order to qualify for an FHA mortgage? $

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Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products. 

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.