1. You are preparing to buy a house. Your monthly gross income is $3,200. a. What is the maximum amount you can finance (mortgage)? (4 points)

b. You have saved $15,000 for a down payment. What is the max you can spend (max house price)? (4 points)

2. You are buying a house that is valued at $499,000. You pay a down payment of 20%.
You finance the rest at 6.5% for 30 years. Your monthly mortgage payment is $2,522.94. The house is expected to appreciate in value 9% per year. Fill in the table with the missing information. (25 points)

Price of House
Down Payment
Amount Financed (Mortgage principal)
Monthly Payment
# of monthly payments
Total Payback
Interest
Appreciated Value after 10 years

3. Your mortgage payment is $585 per month. Your annual real estate taxes are $2,820.
Your annual homeowner’s insurance is $1500. What is your total monthly payment to your lender (includes mortgage and escrow)? (7 points)

Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20

Which of the following is not part of the mission statement of the department of homeland security? lead the unified national effort to secure america protect against and respond to threats and hazards to the nation ensure safe and secure borders coordinate intelligence operations against terrorists in other countries

Communication comes in various forms. which of the following is considered an old form of communication? a) e-mail b) letter c) skype d) texting