Question: Question 61 1 pts Jane has $50 thousand for a down payment and closing costs for a house. Closing costs are estimated to be 3%



Question 61 1 pts Jane has $50 thousand for a down payment and closing costs for a house. Closing costs are estimated to be 3% of the loan value. Her annual salary is $72 thousand and the bank allows the maximum monthly mortgage payment to be equal to 34% of her monthly income. The interest rate on the loan is 4.8% per year with monthly compounding for a 30-year fixed rate loan. How much can she offer for the house? Round your answer to the nearest whole dollar. For example, $1.234.56 is 1235 Do not enter $ or % signs. You can enter commas. yage payment to be equal to 34% of her monthly income. The interest rate on the loan is 4.8% per year with monthly compounding for a 30-year fixed rate loan. How much can she offer for the house? Round your answer to the nearest whole dollar. For example, $1,234.56 is 1235 Do not enter $ or % signs. You can enter commas. D Question 62 1 pts A credit card charges you 1.67% per month. What is the EAR on the card? Submit your answer in percentage form rounded to the basis point. For example, 12.345% is 12.35 Do not enter $ or % signs. You can enter commas. 1 Question 63 12.35 In percentage form rounded to the basis Do not enter $ or % signs. You can enter commas. Question 63 1 pts Jane is considering a WSB investment that pays a face value of $191 thousand in 8 years. If her next best similar investment pays 3.5% per year continuously compounded, then what is the fair price Jane would be willing to pay today for the WSB investment? Round your answer to the nearest whole dollar. For example, $1,234.56 is 1235 Do not enter $ or % signs. You can enter commas
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