Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage applications. (Round your answers to two decimal places.) Applicant Monthly Gross Income Monthly PITI Expense Other Monthly Financial Obligations Housing Expense Ratio (%) Total Obligations Ratio (%) Emerson $2,600 $777 $260  %  %

Q: Consider a student loan of $12,500 at a fixed APR of 6% for 25 years. a. Calculate the monthly…

A: (a) Obtain the monthly payment as follows.

Q: Your friend is going to borrow $150,000 using a 30 year mortgage with a 4.25% APR. Which of the…

A: Monthly mortage payment formula for borrowing amount (M), years of mortage (t) and rate of interest…

Q: Use the following amortization chart: Selling price of home: $98,000 Down payment: $6,000…

A: The mortagage payment is $552  The mortgage is for 30 years. Therefore, total amount paid in 30…

Q: Find the exact interest on a loan of $7500 at 13% annually made on July 17 and due November 30.…

A: Given: P = $ 7500 r= 13% Time period in days, n = 136 (not including the due date)

Q: Use the ordinary interest method to compute the time (in years) for the loan. Round your answer up…

A: Principal Amount (p) = $25, 000 Interest (I) = $ 6,450 Rate (r) = 8.6% We have to find time (in…

Q: The activity on Denise Helling's Master Card account for one billing period is shown below. Find the…

A: Consider the provided question, To calculate average daily balance, we need to determine total…

Q: transactions described on the right uses the average daily balance method to calculate interest. The…

A: We have to find the average daily balance for the billing period of the given data.

Q: Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days…

A:

Q: Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days…

A: Given $4000 balance, 14%, $2,500 payment

Q: APR table, Table 13-1.

A:

Q: The activity on Denise Helling's Master Card account for one billing period is shown below. Find the…

A: Consider the provided question, To calculate average daily balance, we need to determine total…

Q: Consider the following loan. Complete parts (a) - (c) below. An individual borrowed $61,000 at an…

A:

Q: Suppose you are awarded a $5,000.00 unsubsidized student loan with an interest rate of 6.8%. If you…

A: Principal amountRate of interestTimeMonthly payments

Q: Use the ordinary interest method to compute the time (in days) for the loan. Round your answer up to…

A:

Q: the following mortgage applications. (Round your answers to two decimal places.) Applicant Monthly…

A: Solution:

Q: Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage…

A: Answer  Given  Appraised value =$ 356,900 Lenders percentage = 75%  Balance of first mortgage…

Q: Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage…

A: 1) Housing expense ratio = (Monthly housing expense(PITI) / Monthly gross income) *100…

Q: Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage…

A: Applicant MonthlyGrossIncome MonthlyPITIExpense Other MonthlyFinancialObligations…

Q: Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage…

A: Emerson's , Monthly Gross Income is $2,800, Monthly PITI Expense is $733, and Other Monthly…

Q: Use PMT to determine the regular payment amount, rounded to the nearest cent. The cost of a home is…

A:

Q: Use the ordinary interest method to compute the time (in years) for the loan. Round your answer up…

A:

Cylinders

A cylinder is a three-dimensional solid shape with two parallel and congruent circular bases, joined by a curved surface at a fixed distance. A cylinder has an infinite curvilinear surface.

Cones

A cone is a three-dimensional solid shape having a flat base and a pointed edge at the top. The flat base of the cone tapers smoothly to form the pointed edge known as the apex. The flat base of the cone can either be circular or elliptical. A cone is drawn by joining the apex to all points on the base, using segments, lines, or half-lines, provided that the apex and the base both are in different planes.