college question: you have $13600 set aside as a downpayment towards the purchase price of the house, and you are looking at a 30 year loan at 6.17% interest compounded monthly. your finacial planner has advised you that your mortgage payments for the year should not exceed 25% of your take-home pay. if your yearly take home pay is $31,800, then find the maximum price of a house that you could purchase (while following the advice of your financial planner). use tvm solver, show the variables and calues you entered and solved for.

Question

anonymous · Answer

find the 75% of the take home pay and plug it into the tvm solver.

then you add 13,600 to the answer of the tvm solver.

anonymous · Answer

I was wrong; find the 25% of the take home pay