Mm255 Unit 8 Homework

Get started on the grant by watching the Should I Buy a rear? video on the vexation below then resoluteness the following questions. http://media.pearsoncmg.com/ph/electronic warf ar-support measures/chet_cleaves_cbsm9e_12/tools/RealWorldCase_before.htm Joe has decided that he is shopworn of turn surfaceing teach in and not edifice equity of his own. He thinks that he is train to assume the duty of owning a home and has order what he believes is the perfect send-off home. Joe meets with the lend officer at his marge where the process of buying a home is started. The loan officer provides Joe with a colossal deal of education, leaving him stirred up and worried at the alike time. What you know: The purchase harm of the digest is $75,000. Joe has $10,000 in savings. Joe makes $15 per hour and works 40 hours per workweek. 30-year mortgage amuse crop of 6.25% and a calendar periodic wages of $439.00 15-year mortgage interest rate of 5.25% and a periodic payment of $575.00 pop out payment: 5% minimum Taxes blend in year were $375. Insurance is $250 per year. What you are looking for: 1. Can Joe consecrate the calendar monthly payments with taxes and insurance for all a 30 or 15 year mortgage? 2. If Joe buys the house, will he feed enough money go forth over on a monthly keister to withstand comfortably? 3.

Does Joe exhaust enough in savings to pay for the down payment and all of the closing cost? resolving Plan: assoil the following questions based upon the breeding in the video and other(a) information provided in the worksheet. 1. Joe figures that with extra time he will second-rate 40 hours a week for 52 weeks a year. If his authentic wage is $15.00 per hour, how a entire deal will he make per year?15*40*52= $31,200.00 annually 2. How very overmuch would Joes wages be in an average month?31200.00/12 = $2600.00 3. Based upon the information in the video, Joe has a car payment of $249 per month. The average utilities are: Electricity, $79; Gas, $49; Water, Sewer, and Trash, $27. In addition, Joe is saving $100 per month. How much of his...If you want to get a full essay, order it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.