Anonymous
Anonymous asked in Science & MathematicsMathematics · 8 months ago

# Solve all these math problems for best answer?

Public relation specialists create and maintain a favorable public image for the organization they represent. They design media releases to shape public perception of their organization and to increase awareness of its work and goals. The median annual wage for public relations specialists was \$55,680 in May 2014.

1. A public relation specialist earns 41,500 salary each year. She/He wants to spend no more than three times her/his salary on a house. What is the maximum price of a home that she/he can afford?

A. \$13,833

B. \$83,000

C. \$124,500

D. \$166,000

E. 1 million dollars

2. If a 5% down payment is required, what is the mortgage?

A. \$99,600

B. \$118,275

C. \$123,995

D. \$124,500

E. \$207,500

3. If she/he buys a home for the maximum she/he can afford, about how much will the monthly mortgage payment be for a 30 year fixed interest loan of 3%? (Hint: monthly => n=12)

A. \$300

B. \$500

C. \$700

D. \$900

E. \$1000

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• david
Lv 7
8 months ago