Your mortgage payment, monthly PMI, monthly house insurance, and monthly property tax should total no more than 38% of your gross monthly income. If the total is more, then you are borrowing too much money. With the following payments and income, have you borrowed too much money? Description Dollars Mortgage Payment $1633.32 Monthly PMI $9.80 Monthly Property Tax $16.33 Monthly Home Insurance $4.90 Gross Monthly Income $3995.33 Round your answers to the nearest dollar. Calculate 38% of your gross monthly income. Percent of GMI Calculate the total of your payment, PMI, insurance, and property taxes. Total

A First Course in Probability (10th Edition)
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ISBN:9780134753119
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Chapter 5.2
B Module 10 Re
R Class Textbook X
B Comma Exerc
B Assignment 3
B Chapter 5.1
A ht
https://d2l.pima.edu/d2l/le/content/536636/viewContent/5358553/View
Jessica Alvarado
Question 9 of 13
BA
Your mortgage payment, monthly PMI, monthly house insurance, and monthly property
tax should total no more than 38% of your gross monthly income. If the total is more,
then you are borrowing too much money. With the following payments and income,
have you borrowed too much money?
Ques
Ques
Ques
Ques
Description
Dollars
Ques
Mortgage Payment
$1633.32
Ques
Ques
Monthly PMI
$9.80
Ques
Monthly Property Tax
$16.33
Ques
Monthly Home Insurance
$4.90
Ques
Ques
Gross Monthly Income
$3995.33
Ques
Round your answers to the nearest dollar.
Que
Sum
Calculate 38% of your gross monthly income.
Percent of GMI
Calculate the total of your payment, PMI, insurance, and property taxes.
Total
W
(?
近
Transcribed Image Text:Chapter 5.2 B Module 10 Re R Class Textbook X B Comma Exerc B Assignment 3 B Chapter 5.1 A ht https://d2l.pima.edu/d2l/le/content/536636/viewContent/5358553/View Jessica Alvarado Question 9 of 13 BA Your mortgage payment, monthly PMI, monthly house insurance, and monthly property tax should total no more than 38% of your gross monthly income. If the total is more, then you are borrowing too much money. With the following payments and income, have you borrowed too much money? Ques Ques Ques Ques Description Dollars Ques Mortgage Payment $1633.32 Ques Ques Monthly PMI $9.80 Ques Monthly Property Tax $16.33 Ques Monthly Home Insurance $4.90 Ques Ques Gross Monthly Income $3995.33 Ques Round your answers to the nearest dollar. Que Sum Calculate 38% of your gross monthly income. Percent of GMI Calculate the total of your payment, PMI, insurance, and property taxes. Total W (? 近
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