What is the recommended MONTHLY housing budget range for someone with a gross monthly salary of $8500?

What is the recommended monthly budget range housing for someone with an semi-monthly salary of $1700?

Tom makes $16.75 per hour. He works 40 hours a week. He pays 22% of his gross earning in federal and state taxes and saves 5% of his monthly gross income. He is considering renting an apartment that will cost $800 per month. Is this monthly rental fee within the recommended 25%-30% housing expense range?

Tom makes $23 per hour. He works 200 hours a month. He is considering renting an apartment that will cost $1025 per month. Is this monthly rental fee within the recommended 25%-30% housing expense range? Why?

Sally makes $90,000 annually. She is considering renting an apartment that will cost $1900 per month. Is this monthly rental fee within the recommended 25%-30% housing expense range? Why?

The square footage and monthly rental of 8 similar one-bedroom apartments yield the linear regression y = 0.865x + 145.14 where x represents the square footage of the apartment and y represents the monthly rental price. What would be the monthly rent for an apartment that has 900 square feet?

The square footage and monthly rental of 27 similar one-bedroom apartments yield the linear regression y = 0.578x + 273.14 where x represents the square footage of the apartment and y represents the monthly rental price. What would be the monthly rent for an apartment that has 1212 square feet?

Rupert is renting a 750 square foot apartment for $850. The apartment complex requires the first month’s rent, a security deposit equal to 75% of one month’s rent, a $75 application fee, and the last month’s rent. How much should Rupert plan on paying to move into the apartment on the 1^st of the month?

Emily and Vanessa are renting a 1000 square foot apartment for $1050. The apartment complex requires the first month’s rent, a security deposit equal to 35% of one month’s rent, a $125 application fee, and the last month’s rent. How much should they plan on paying to move into the apartment on the 1^st of the month (total - not individually)?

Troy is moving to San Antonio, TX from Phoenix, AZ. He is so excited that he is going to let the moving company do all the work. The moving company quoted a price of $2550 for 8 hours of packing/loading and driving for 19 hours. If he starts at his friends house he can decrease the bid to 6 hours of packing/loading and driving for 13 hours for $1850. Set up a system of equations and solve to find how much the company charges per hour for loading and unloading (x) and how much the company charges per hour of driving (y)?

Jacob is moving to Temple, TX from Glendale , AZ. He doing all of his own packing and unpacking by himself with help from friends. The moving company quoted a price of $8026 for 8 hours of loading/unloading and driving the 1038 miles. If his friends help with loading/unloading then the number of hours could decrease to 6 loading/unloading and driving 1038 miles for $7836. Set up a system of equations and solve to find how much the company charges per hour for loading and unloading (x) and how much the company charges per mile for driving (y)?

Somebody is moving somewhere. He doing all of his own packing and unpacking by himself with help from friends. The moving company quoted a price of $4154 for 8 hours of loading/unloading and driving the 1038 miles. If his friends help with loading/unloading then the number of hours could decrease to 6 hours loading/unloading and driving 1038 miles for $3894. Set up a system of equations and solve to find how much the company charges per hour for loading and unloading (x) and how much the company charges per mile for driving (y)?

The master bedroom in Liam’s apartment is 13 feet by 17 feet. The ceiling is 9 feet high.

What is the length and height of the larger wall?

The master bedroom in Liam’s apartment is 13 feet by 17 feet. The ceiling is 9 feet high.

What is the area of each of the two different sized walls?

The master bedroom in Liam’s apartment is 13 feet by 17 feet. The ceiling is 9 feet high.

If a gallon of paint costs $29.75 and it covers 300 square feet on average, what is the cost of painting the room with two coats of paint?

The guest bedroom in Gabe's apartment is 10 feet by 14 feet. The ceiling is 10 feet high.

What is the length and height of the smaller wall?

The guest bedroom in Gabe's apartment is 10 feet by 14 feet. The ceiling is 10 feet high.

What is the area of each of the two different sized walls?

The guest bedroom in Gabe's apartment is 10 feet by 14 feet. The ceiling is 10 feet high.

If a gallon of paint costs $47.37 and it covers 375 square feet on average, what is the cost of painting the room with THREE coats of paint? Explain your answer

The guest bedroom in Gabe's apartment is 10 feet by 14 feet. The ceiling is 10 feet high.

If

the apartment bedroom was poorly insulated and was on the east side of the

apartment how large of an air conditioner would be needed? Round to the nearest BTU.

The guest bedroom in Gabe's apartment is 10 feet by 14 feet. The ceiling is 10 feet high.

The room is well insulated and is on the south side of the apartment. How large of an air conditioner would the bedroom require? Round to the nearest BTU.

The master bedroom in Liam’s apartment is 13 feet by 17 feet. The ceiling is 9 feet high.

If the apartment bedroom was poorly insulated and was on the west side of the apartment how large of an air conditioner would be needed? Round to the nearest BTU.

The master bedroom in Liam’s apartment is 13 feet by 17 feet. The ceiling is 9 feet high.

The room is well insulated and is on the east side of the apartment. How large of an air conditioner would the bedroom require? Round to the nearest BTU.

Heather needs to borrow $187,750 for a new home purchase. Bank of USA offers a 25-year mortgage at an APR of 5.9%. States Bank offers a 30-year mortgage at an APR of 6.3%. What would be the monthly payment and total interest from Bank of USA?

Heather needs to borrow $187,750 for a new home purchase. Bank of USA offers a 25-year mortgage at an APR of 5.9%. States Bank offers a 30-year mortgage at an APR of 6.3%. What would be the monthly payment and total interest from State Bank?

Luiz needs to borrow $435,000for a new home purchase. Bank of USA offers a 25-year mortgage at an APR of 4.4%. States Bank offers a 30-year mortgage at an APR of 4.8%. What would be the monthly payment and total interest from Bank of USA?

Luiz needs to borrow $435,000 for a new home purchase. Bank of USA offers a 25-year mortgage at an APR of 4.4%. States Bank offers a 30-year mortgage at an APR of 4.8%. What would be the monthly payment and total interest from States Bank?

The Summerville family took out a $215,000, 30-year mortgage at an APR of 5.5%. The assessed value of their house is $199,700. The annual property tax rate is $13.15 per $1000 of assessed value. What is the annual property tax?

The Ruiz family took out a $315,000, 30-year mortgage at an APR of 4.6%. The assessed value of their house is $182,555. The annual property tax rate is $21.16 per $1000 of assessed value. What is the annual property tax?

Maria has a mortgage with Arizona Bank. The bank wants her to pay her homeowner’s insurance, property taxes, and mortgage in one monthly payment. Her monthly mortgage payment is $1125, her semi-annual property tax bill is $3500, and her quarterly homeowner’s insurance bill is $329. How much does Maria pay the bank each month?

Nick has a mortgage with States Bank. The bank wants him to pay his homeowner’s insurance, property taxes, and mortgage in one monthly payment. His monthly mortgage payment is $978, his annual property tax bill is $3500, and his semi-annual homeowner’s insurance bill is $732. How much does Nick pay the bank each month?

Jose has an adjusted gross income of $78,260. He is looking at a new house that would have a monthly mortgage payment of $1150. His annual property taxes would be $4,765, and his semi-annual homeowner’s premium would be $689. Find his front end ratio to the nearest percent and assuming he has good credit would a bank offer him a loan? Explain.

Jose has an adjusted gross income of $78,260. He is looking at a new house that would have a monthly mortgage payment of $1150. His annual property taxes would be $4,765, and his semi-annual homeowner’s premium would be $689. Find his back end ratio to the nearest percent and assuming he has good credit would a bank offer him a loan? Explain.

Sarah has an adjusted gross income of $87,567. She is looking at a new house that would have a monthly mortgage payment of $1150. Her annual property taxes would be $7358, and her semi-annual homeowner’s premium would be $500. She also has a student loan she is paying $540/month and a credit card payment of $375/month. Would the bank approve the loan based on her front end ratio only? Why?

Sarah has an adjusted gross income of $87,567. She is looking at a new house that would have a monthly mortgage payment of $1150. Her annual property taxes would be $7358, and her semi-annual homeowner’s premium would be $500. She also has a student loan she is paying $540/month and a credit card payment of $375/month. Would the bank approve the loan based on her back end ratio only? Why?