This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Illustrate how GDS and TDS ratios as well as cash flow are important in calculating what size ... (Read 35 times)

iveyjurea

  • Hero Member
  • *****
  • Posts: 555
on: Nov 11, 2019
Illustrate how GDS and TDS ratios as well as cash flow are important in calculating what size mortgage a person can afford.  Use the following example to illustrate your conclusion.

Hannah earns an annual salary of $72 000 and has following monthly expenses.

Taxes and benefits:$1800
Rent$1300
Groceries and restaurants:$700
Transportation misc$300
Car loan, 3 more years$300
Hobbies and entertainment$550
Student loan, 5 more years$350
RRSP Savings$700

Hannah has $31 000 saved in her RRSP. There is a new condo development going up in her area and she hopes to be able to purchase her own place. The unit she has her heart set on costs $310 000 and they advertise a mortgage rate of 3.5%, compounded semi-annually, for this development. The property taxes will be $170 per month, heating costs $80, and condo fees $300.
Personal Finance ¦ Madura, Gill ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by iveyjurea on Nov 11, 2019

makaylafy

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


iveyjurea

  • Member
  • Posts: 555
Reply 2 on: Nov 11, 2019
:D TYSM

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Large size can provide a refuge from predators. While young African elephants may be vulnerable to p Large size can provide a refuge from predators. While young African elephants may be vulnerable to p
From left to right: Size development, biometrical changes in the cranium, reduction of toes ... From left to right: Size development, biometrical changes in the cranium, reduction of toes ...
Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
Blowby gases coming out of the crankcase vent hose. Excessive amounts of combustion gases flow ... Blowby gases coming out of the crankcase vent hose. Excessive amounts of combustion gases flow ...
The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ... The hazmat training pyramid. It is important to train from the ground up, starting with a firm grasp ...
The Accessory Organs The liver, gallbladder, and pancreas produce digestive secretions that flow The Accessory Organs The liver, gallbladder, and pancreas produce digestive secretions that flow
Video: Activation Energy - Valence Electrons

For a complete list of videos, visit our video library