Public relations specialists create and maintain a favorable public image for the organization they represent. They design media

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 $63,500 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 5% 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 20 year fixed interest loan at 3.1% compounded monthly?

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