1. you can afford a monthly mortgage payment of $1,650 and can get a 15-year 5.625% loan. what is the maximum loan you can get so your payment does not exceed $1,650? 2. you apply for a home equity loan. the lender gets an appraisal on your home, showing a value of $183,500. you have a first mortgage with a current balance of $87,435. based on a 75% ltv ratio, what is the maximum line of credit you can get?

Three friends went on a road trip from phoenix, az, to san diego, ca. mark drove 50 percent of the distance. jason drove 1/8 of the distance. andy drove the remainder of the distance. 1. andy thinks he drove 1/4 of the distance from phoenix, az, to san diego, ca. is andy correct? 2. the distance from phoenix, az, to san diego, ca, is 360 miles. how many miles did each person drive? 3. solve the problem. what is the answer in total?