Shauna wants to buy a house and plans to rent the apartment located in the basement for extra income. the house has a purchase price of $195,600 and she will make a 5% down payment. shauna has qualified for a 30 year mortgage with a fixed rate of 5.875%. approximately how much rent should she charge for the apartment in order to cover her monthly mortgage payment if she only wants to spend $400 a month of her own money?

a.
$300
b.
$700
c.
$1100
d.
$1150

Option B $700 is the correct answer.

Step-by-step explanation:

The total price of the house is = $195600

Shauna is paying 5% as down payment, this is =

So, amount left after down payment =

Now, Shauna will take a loan n $185820 for 30 years at 5.875% per year.

So, her monthly EMI becomes =

So, rate is 5.875/12/100 = 0.0049

n = 30*12 = 360

So, putting these values in formula we get:

= = $1099.81 ≈ $1100

Now, we have been asked, how much rent should Shauna charge, if she only wants to spend $400 a month of her own money?

So, her total monthly installment is $ 1100 and she will contribute her $400.

Money left = 1100-400 = $700.

Shauna will charge $700 as rent.

Option B is the answer.

see below

step-by-step explanation:

7.   there are 10 data points in the set.   the middle point is between 5 and 6.   the middle point in the top half is 8   and the middle point in the bottom half is 3. to find the iqr , take point 8 and subtract point 3

mid term   point 8 = 100   point 3 = 88

iqr = 100-88 = 12

final   point 8 = 93   point 3 = 78

iqr = 93 - 78 = 15

the final has the greatest iqr

6.   b - there is a high data value that causes the data set to be asymmetrical for the males: the data for males are high and asymmetrical .   there is an outlier for the males that skews the data

5.   the   iqr is a better measure of spread for the movies and basketball games.   since the basketball game has an outlier, we do not want to use standard deviation for measurement.  

3.   the exam median is much higher than the class median.   the median line is farther to the right on the exams

2.   there is no way to tell what the means are from the box and whisker plots.