check the rule to see the % limit
multiply 90K by that % amount
According to the banker’s rule, if Johnny makes $90,000 per year running his own auto shop, how much can he afford to borrow on a mortgage for a new house?
2 answers
If you can find a one-bedroom apartment for under $1,300 or two-bedroom apartment for under $1,900 within 5 miles of your work or school, and with the 3 amenities you circled above, show your teacher for two extra points on this Checkpoint.
3. The new apartment you are about to sign a one-year lease on is $1,500 per month. The lease requires you to put up first month’s rent and a $750 security deposit to move in. In addition, keeping your cat will cost an additional $300 for a pet deposit. How much do you need to write a check for to the landlord at the time of move in? (Section 9.4) (1 point)
To move in the apartment payments to be done,
1). First month rent = $1500
2). Security deposit = $750
3). Pet deposit = $300
Total payment to be done = 1500 + 750 + 300
= $2550
3. The new apartment you are about to sign a one-year lease on is $1,500 per month. The lease requires you to put up first month’s rent and a $750 security deposit to move in. In addition, keeping your cat will cost an additional $300 for a pet deposit. How much do you need to write a check for to the landlord at the time of move in? (Section 9.4) (1 point)
To move in the apartment payments to be done,
1). First month rent = $1500
2). Security deposit = $750
3). Pet deposit = $300
Total payment to be done = 1500 + 750 + 300
= $2550
3 answers