Answer every question please, if you don't want to then let someone who will answer this. Marissa has two credit cards. The first credit card has a credit limit of $$19,500,$ and Marissa has $$19,000$ of debt on that card. The second credit card has a credit limit of $$17,500,$ and Marissa has $$0$ of debt on that card.

$1.$ What is Marissa$$s debt$-$to$-$credit ratio?

$2.$ Marissa realizes that she never uses her second credit card. She decides to close that line of credit. What is Marissa$$s new debt$-$to$-$credit ratio?

$3.$ Based on class slides, is Marissa$$s new DCR good or bad? What might this mean if Marissa wanted to take out an additional line of credit?

Mortgage Loans

$4.$ What will the monthly mortgage payments be $($PI only$)$ on a $$432,37515-$year, $6\mathrm{.}7\%$ annual interest mortgage?

$5.$ What will the monthly mortgage payments be $($PI only$)$ on a $$785,52830-$year, $7\mathrm{.}3\%$ annual interest mortgage?

TVM

$6.$ Stephen has determined that he will need $$2,500,000$ when he retires in $45$ years. The current interest rate is $9\%.$ How much does he need today to fully fund this goal at that rate?

$7.$ Bryli$$s grandma promised to give her $$24,000$ when she graduates from college five years from now. Assuming an interest rate of $10\%$ annually, what is the value of Bryli$$s gift right now?