Duane miller wants to know what price home he can afford. his annual gross income is $60,000. he has no other debt expenses and expects property taxes and insurance to cost $400 per month. he knows he can get a 6%, 15 year mortgage so his mortgage payment factor is 8.43. he expects to make a 10% down payment. what is duane's affordable home purchase price? round your answer to the nearest $100

If you use the rule that mortgage, taxes, and insurance payments should not exceed 28% of gross income, then Duane can afford $1400 in mortgage expense each month. If $400 of that is taxes and insurance, then his loan payment can be $1,000. At $8.43 per thousand of loan value, he can afford a loan for $118,624. After putting 10% down, this amount is 90% of his home purchase price.

Duane can afford a home purchase price of up to $131,800.

215.92 dollars is the answer

y < -3

step-by-step explanation:

-3y - 2 > 7

-3y -2 + 2 > 7+2

-3y > 9

-3y/-3 < 9/-3   (change the inequality sign when multiplying or dividing by a negative number)

y < -3