1) Sally makes 3000 each month. What is the most she should spend on housing 2) Rickey took out a 268,000, 30 year mortgage at an APR of 4.34%. What will be the monthly payment ?
a) 1332.56
b) 1463.55
c) 1524.78
d) 1250.01
3) Stephanie would like to rent an apartment for 1350 per month. What would her monthly income need to be to be able to afford this apartment to the rule of thumb?
a) 5500
b) 3000
c) 4500
d) 5000