Question

Rebecca Cruz earns $4,904 per month and just bought her first house. Her monthly housing expenses include a $795.00 mortgage payment, $37.75 for insurance premium, $45.25 for real estate taxes, $54.00 for electricity, $23.00 for telephone service, and $21.00 for water. What is the total amount of her monthly housing costs? Was Rebecca within the recommended guidelines of spending 35% or less of her monthly gross pay on housing expenses? What percentage does monthly expenses take out of her budget?

Answer 1

i added it got my answer but what is the percent

Answer 2

So...

To find the total amount, add each number together.
795.00 + 37.75 + 45.25 + 54.00 +23.00 + 21.00= 976.00 a month

What is the total amount of her monthly housing costs? = 976.00 a month

Was Rebecca within the recommended guidelines of spending 35% or less of her monthly gross pay on housing expenses? = Yes

What percentage do monthly expenses take out of her budget?

Budget: $4,904 per month

Spends: 976.00 per month

35% of 4,904 is $1716.4, which means, she stayed inside the 35%.

My source: https://percent-calc.com/what-is-35-of-4904

Answer 3

To answer your 3rd question, "What percentage do monthly expenses take out of her budget?"

You can find that percentage by converting.

So 976.00 out of 4904 is exactly 19.9021% estimated to 20%

Answer 4

thank you

Answer 5

Your Welcome

Answer 6

Shelly Moyer has been granted a mortgage loan at an annual interest rate of 6% for 20 years by Patterson Mutual. The home has a selling price of $170,000. The bank requires a 20% down payment. What are Shelly’s closing costs including the down payment?




Credit report
$ 70

Loan origination fee: 2.0% of mortgage
Abstract of title
100

Attorney fee
275

Documentation stamp fee: 0.3% of mortgage
Processing fee: 1.10% of mortgage


Draw the table and fill in the missing values.

Answer 7

Make a separate post for it

Answer 8

i did