Question

Public relations 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.

SOURCE: United States. Department of Labor. "Public Relations Specialist." Occupational Outlook Handbook. 17 Dec. 2015. Web. 8 March 2016.

A public relations specialist earns $57,000 salary each year. He/she wants to spend no more than three times his/her salary on a house. What is the maximum price of a home that he/she can afford?

$

If a 15% down payment is required, what is the amount financed?

$

If he/she buys a home for the maximum he/she can afford, what is the monthly mortgage payment for a 25 year fixed interest loan at 4.3% compounded monthly?

Answer 1