Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage applications. (Round your answers to two decimal places.) Monthly Monthly Other Monthly Housing Expense Ratio (%) Total Applicant Gross PITI Financial Obligations Ratio (%) Income Expense Obligations Martin $3,700 $605 $640 16.35 X %

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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Calculate the housing expense ratio and the total obligation ratio (in %) for
the following mortgage applications. (Round your answers to two decimal
places.)
Monthly
Other Monthly
Monthly
PITI
Housing
Expense
Ratio (%)
Total
Obligations
Ratio (%)
Applicant
Gross
Financial
Income
Expense
Obligations
Martin
$3,700
$605
$640
16.35
%
X %
Transcribed Image Text:Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage applications. (Round your answers to two decimal places.) Monthly Other Monthly Monthly PITI Housing Expense Ratio (%) Total Obligations Ratio (%) Applicant Gross Financial Income Expense Obligations Martin $3,700 $605 $640 16.35 % X %
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