Question: help pls dhow work Close Review Homework: 16.5 - T4 Score: 0 of 1 pt 9 of 10 HW Score: 0%, 0 of 10 pts

 help pls dhow work Close Review Homework: 16.5 - T4 Score:

help pls dhow work

Close Review Homework: 16.5 - T4 Score: 0 of 1 pt 9 of 10 HW Score: 0%, 0 of 10 pts 16.5.15 Question Help The Potters want to buy a home costing $117.000 with annual insurance and taxes of $780 and $2300 respectively. They have saved $12,000 for a down payment and they can get a 5%, 30-year mortgage. They are qualified for a home loan as long as the total monthly payment does not exceed $800. Determine whether they are qualified. Click the icon to view the Real Estate Amortization Table Their monthly payment would be s (Round to the nearest cent as needed.) Real Estate Amortization Table Amortization (Principal and Interest Per Thousand Dollars) Term in Years 10 15 20 25 30 4.00% $10.12 57.40 $6.06 $5.28 $4.77 5.00% $10.61 $7.91 $6.60 55.85 55 37 6.00% 511 10 $8.44 $7 16 56.44 56.00 7.00% $11.61 58.99 $7.75 57 07 $6.65 8.00% 512 13 $9.56 58.36 $772 $7 34 9.00% $12.67 510.14 $9 DO $8.39 58 05 10.00% $13.22 $10.75 $9 65 $9 06 58.78 This question has n Print Done 2 1 remaining Similar Question 621 PM SAMSUNG R P

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!