2) peter wants to buy a duplex with a purchase price of $227,000. peter can afford a 10% down
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Mathematics, 14.01.2020 21:31 christopherschool04
2) peter wants to buy a duplex with a purchase price of $227,000. peter can afford a 10% down
payment. peter earns $2,249 a month and wants to spend no more than 10% of his income on
his mortgage payment. peter is going to rent out the other half of the duplex. he thinks that if
he charges $ a month in rent this will cover the remainder of his mortgage payment. given
that peter has a 30 year mortgage with a fixed rate of 6%, how should peter adjust how much he
charges for rent of the other half of the duplex?
Answers: 3
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