Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage applications. (Round your answers to two decimal places.) Applicant = Emerson Monthly Gross Income = 2,900 Monthly PITI Expense = 655 Other Monthly Financial Obligations = 290 Solve for the following: Housing Expense Ratio (%)
Cylinders
A cylinder is a three-dimensional solid shape with two parallel and congruent circular bases, joined by a curved surface at a fixed distance. A cylinder has an infinite curvilinear surface.
Cones
A cone is a three-dimensional solid shape having a flat base and a pointed edge at the top. The flat base of the cone tapers smoothly to form the pointed edge known as the apex. The flat base of the cone can either be circular or elliptical. A cone is drawn by joining the apex to all points on the base, using segments, lines, or half-lines, provided that the apex and the base both are in different planes.
Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage applications. (Round your answers to two decimal places.)
Applicant = Emerson
Monthly Gross Income = 2,900
Monthly PITI Expense = 655
Other Monthly Financial Obligations = 290
Solve for the following:
Housing Expense Ratio (%)
Total Obligations Ratio (%)
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