CO
Mandy has an annual salary of $37,580. Each month she has a car payment of $265 and a student loan of $120. If
she applies for a home loan, how likely is it Mandy will be approved based on her debt-to-income ratio?
a. Very likely, recurring debt is less than what is allowed.
b. Somewhat likely, recurring debt is equal to what is allowed.
C. Not likely, recurring debt is higher than what is allowed.
d. There is not enough information given to determine the answer.

Answers

Answer 1

C. Not likely, recurring debt is higher than what is allowed.

edge 2021

Answer 2

Mandy's approval based on her debt - to - income ratio is;

C: Not likely, recurring debt is higher than what is allowed.

What is Debt to income ratio?

Debt to income ratio is simply the percentage of your gross monthly income that goes to paying your monthly debt payments.

Now, her annual salary is $37,580. This means that her monthly income is; 37580/12 = $3131.67

Her monthly debt servicing = $265 + $120 =$385

Using the 28/36 ratio, the maximum allowable recurring debt for someone with a monthly income of $3,200 is $256.

Since her recurring monthly debt is $385 it is more than the maximum recurrent limit and so her home loan will not be approved.

Read more about debt - to - income ratio at; https://brainly.com/question/24814852


Related Questions

P (-2,-5) is the image of P after a translation along the rule (x,y) (x+1,y+2). What are the coordinates?

Answers

Answer:

(-1,-3)

Step-by-step explanation:

Add 1 to the x value of -2 and add 2 to the y value of -5

An 8-foot rope is tied from the top of a pole to a stake in the ground,as shown in the diagram below.

If the rope a 57° angle with the ground, what is the height of the pole, to the nearest tenth of a foot?

A 4.4
B 6.7
C 9.5
D 12.3

Answers

Answer = B
Hope this helps

The height of the pole, to the nearest tenth of a foot is given by: Option B: 6.7 feet

What is angle of elevation?

You look straight parallel to ground. But when you have to watch something high, then you take your sight up by moving your head up. The angle from horizontal to the point where you stopped your head is called angle of elevation.

How to use right triangles to find the height of the specified pole?

Remember that we assume that pole is vertical to the ground. This means, there is 90° formation. The length of the rope can be taken as length of hypotenuse.

Referring to the attached figure below, we get:

Length of the rope = length of AC = |AC| = 8 feetThe angle of elevation of rope from ground: 57°

Using the tangent ratio, we get:

[tex]\sin(x) = \dfrac{\text{Length of perpendicular}}{\text{Length of hypotenuse}} = \dfrac{|AB|}{|AC|}\\\\|AB| = \sin(x) \times |AC|\\\\|AB| = \sin(57^\circ) \times 8 \approx 6.71 \approx 6.7\: \rm feet[/tex]

Thus, the length of the pole is approx 6.7 feet (option B).

Learn more about trigonometric ratios here:

https://brainly.com/question/22599614

Please help me fast!!!. Joe and his family are touring Chicago. They want to visit the Willis Tower, hang out at Navy Pier, and shop on Michigan Avenue before their dinner reservations at 5:10 P.M. They plan to spend 1 hour and 10 minutes at the Willis Tower, 3 hours and 10 minutes at Navy Pier, and 1 hour and 15 minutes shopping. What is the latest time Joe's family can start their tour of Chicago and still make it to dinner on time?

Include A.M. or P.M. in your answer.

Answers

Answer:

11:10 am.

Step-by-step explanation:

The first thing I'm going to do is to add all the given time together

Total time = time spent at Willis tower + time spent at Navy Pier + time spent shopping

Total time = 1 HR and 10 minutes + 3 HR and 10 minutes + 1 hour and 15 minutes

Total time = (1 + 3 + 1) hr + (10 + 10 + 15) minutes

Total time = 5 hours + 35 minutes

The question doesn't make mention of how long they spent making the journey so, I'm assuming they spent 35 minutes driving around from Willis to the Pier and finally while shopping

Time = total time + time spent driving

Time = 5 hours 35 minutes + 35 minutes

Time = 6 hours and 10 minutes

Now, this time we've calculated, is what we're going to subtract from the dinner time to get our final answer

Needed time = dinner time - time

Needed time = 5:10 pm - 6:10

Needed time = 17:10 - 6:10

Needed time = 11:10

This means that they ought to start their tour by 11:10 am, so that they can meet their dinner

An expression is shown: 4.58 + 0.079 What is the value of the expression

Answers

Answer:

4.659

Step-by-step explanation:

4.58

+0.079

4.659

Determine the y-intercept of the following equation.
(x + 4)(x + 2) = y

Answers

Answer:

Y intercept=(0,8)

Step-by-step explanation:

y=x(2)+6x+8
That x(2) mean x to the power of 2

Help?.?.??? I’ll give brainliest to the first person who responses

Answers

Answer:

1. y=3x

2. y=1x

3. y=7x

4. y=1x+7

5. y=3x-3

6. y=12x+2

Step-by-step explanation:

Hope this helps!

Nick earns 3.5%
commission on every
car he sells. How much
would he earn if he sold
a $14.000 car?

Answers

The amount he would earn is $490.

What does multiplication mean?

Multiplication is the process of determining the product of a number. It is determined by following some mathematical processes. The sign used to represent multiplication is ×.

How much will he earn?

Commission = 3.5% x $14,000

0.035 x $14,000 = $490

To learn more about multiplication, please check: https://brainly.com/question/13814687

solve for x. this is isosceles triangles on delta math. just solve for x thanks

Answers

Answer: x=3

Step-by-step explanation:

Isosceles means that both of those sides are equal.

5x = 7x -6

-2x = -6

x = 3

Answer:

x = 3

Step-by-step explanation:

I know because is

7x-6= 5x

then just resolve the equation

Write your answer with no spaces and any fraction with “/“

Answers

Answer:

y=[tex]\frac{1}{2}x-2[/tex]

Step-by-step explanation:

Because of the slope, we would assume that it is 1/2 because when you use rise over run, the graph rises 1 unit up and shifts 2 units to the right.  The -2 is where the y-intercept is (0, -2) based on the picture seen above.  The slope is also positive where it is going up instead of going down.

Please help w/ all and leave a small explanation please! :)

Answers

A: y=2x+6
First, you have to find the slope.
As x increases by 3, y increases by 6 so the slope is rise/run so it would be 6/3 and simplify so it’s gonna be 2.
b of the y=ax+b is y-int so it’s a y value when x is 0 so in this case, 6.

B: y=-2x+8
First, you have to find the slope.
As x increases by 2, y decreases by 4 so the slope would be -4/2 and simplify so it’s gonna be -2.
b is equal to the y-value when x is 0 so in this case, 8.

C: y=3x+4
First, you have to find the slope.
As x increases by 2, y increase by 6 so the slope would be 6/2 and simplify so it’s gonna be 3.
When u solve for b, first, at this point, you have the equation y=3x+b so you’re gonna plug in random point into it so for ex, 2 for x and 10 for y(as it shows on table) and you can get 4.

D: y=-1/2x+6
First, you have to find the slope.
As x increases by 4, y decreases by 2 so the slope would be -2/4 and simplify so it’s gonna be -1/2.
When u solve for b, first, at this point, you have the equation y=-1/2x+b so you’re gonna plug in random point into it so for ex, 8 for x and 2 for y(as it shows on table) and you can get 6.

what is -5 - 1/2 equal?

Answers

Answer:-5.5

Step-by-step explanation:1/2 is basically .50 so -5 - .50 gives you -5.5

Answer:

-5.5

Step-by-step explanation:

When you do -5 - 1/2, you get -5.5!

Each bus Ms. Robinson rents can seat 42 children. How many buses does Ms. Robinson need to take 135 students on a field trip?

Answers

Answer:mrs robinson would need total of four buses

Step-by-step explanation:

this is because if you have 135 and you divide it by 42 it gets you 3.2 and you cant have .2 of a bus so you must round up to the nearest whole number which would be 4

Select all possible values for x if −3x < 15.

Select one or more:
A. -11
B. -7
C. -5
D. 2
E. 9

Answers

Step-by-step explanation:

When dividing or multiplying by a negative number, remember to flip the inequality sign.

-3x < 15

x > -5 (divide -3 on both sides, flip the inequality sign)

The correct options are 2 and 9. (D and E)

Answer:

D. 2

E. 9

Step-by-step explanation:

[tex] - 3x < 15 \\ \\ x > \frac{15}{ - 3} \\ \\ x > - 5 \\ \\ [/tex]

Since x > - 5,

Therefore possible values of x would be 2 and 9 out of the given ones.

In the year, it was released, Rush Hour earned $334,100,000 while the films Star Wars and Freaky Friday together earned $1,096,599,010. How much did all three movies earn together?
A. $1,430,699,010
B. $1,420,699,010
C. $1,330,699,010
D. $762,499,010
And brainliest.

Answers

Answer:

A. $,143,699,010

Step-by-step explanation:

Use a calculator my friend.

A. 1,430,699,010

put it in a calculator and then you should have the right answer

Sin θ = 12/37. Find tan θ. Right Triangle Trigonometry.

Answers

Answer:

[tex]\huge\boxed{B.\ \dfrac{12}{35}}[/tex]

Step-by-step explanation:

Look at the picture.

We know:

[tex]\sin\theta=\dfrac{a}{c}\\\\\tan\theta=\dfrac{a}{b}[/tex]

We have

[tex]\sin\theta=\dfrac{12}{37}\Rightarrow a=12,\ c=37[/tex]

Use the Pythagorean theorem.

[tex]a^2+b^2=c^2\\\\12^2+b^2=37^2\\\\144+b^2=1369\qquad|\text{subtract 144 from both sides}\\\\b^2=1225\to b=\sqrt{1225}\\\\b=35[/tex]

Calculate tangent:

[tex]\tan\theta=\dfrac{12}{35}[/tex]

the difference of two numbers is one and their product is 56

Answers

Answer:

8 and 7

Step-by-step explanation: since 8-7 is 1 and product is multiplication, 8 x 7 is 56

Randy saving for console cost $290 he got a $50 gift card from grandma $15 each week, how many weeks until he get money?

Answers

Answer:

it will take him 16 weeks

Step-by-step explanation:

290 subtract 50 equals 240

240 divided by 15 equals 16

Tommy is using a bucket to collect nuts from a nut tree. He then dumps the bucket into a barrel for shipping of the nuts. He notices that 1 over 4 bucket of nuts fills 2 over 3 of the barrel.

Part A: Write and solve an equation to find the amount of nuts that will fill the entire barrel. Show your work. (8 points)

Part B: Explain your answer in words. (2 points)

Your answer:

Answers

Answer: you need 3/8 buckets of nuts to fill the barrel.

Step-by-step explanation:

I will find the equation and explain it with words at the same time, so it is easier to understand.

We know that:

1/4 buckets of nuts, fills 2/3 of the barrel.

Then we can write the equation:

(1/4) buckets of nuts = (2/3) of the barrel

We want to have a one in the right, which will mean that the barrel is complete, then we can multiply both sides by 3/2

(3/2)*(1/4) buckets of nuts = (3/2)*(2/3) of the barrel.

3/8 buckets of nuts = 1 of the barrel.

This means that you need 3/8 buckets of nuts to fill the barrel.

what is the result of 54×18 written in standard form

Answers

Answer:

9.72 x 10^2

Step-by-step explanation:

Please answer asap the problem is attached

Answers

1.) x= (0,4) y=(0,2)
2.x=(0,-1) y=(0,4)
3. x=(0,-3) y=(0,3)

Simplify
30 +5.5
O 52
58
70
190

Answers

Answer:

70 is the answer

Step-by-step explanation:

ggsgshdghdhdhdhhdhdhdhd

Answer:

70

Step-by-step explanation:

NEED URGENT HELP 50 POINTS MATH EQUATION PLEASE NO POINT STEAL!

Answers

Answer:

2 is the number of dollars per seed.

6 is the number of lettuce seeds bought.

7 is the number of pea seeds bought.

Step-by-step explanation:

Two dollars multiplied by six plus seven packets of seeds.

Find the are of the semi circle.Either enter an exact answer in terms of pie or use 3.14 and enter your answer as a decimal.The raduis is 4

Answers

12.56
I’m not sure of this is right
I haven’t done this in like 2 years

Write the hypothesis and conclusion of this statement .

If the sun is out, then we will go to the beach.

Answers

Answer:

Hypothesis - the sun is out

Conclusion - we will go to the beach

Step-by-step explanation:

Hypothesis: the sun is out
Statement: we will go to the beach

lens asks heila to choose any number. he then multiplies it by 2, adds 3 to that number and then subtracts it by 6. he ends up with 11. What was heila's original number

Answers

Answer:

7

Step-by-step explanation:

Create an equation where x represents the original number:

(2x + 3) - 6 = 11

Solve for x:

(2x + 3) - 6 = 11

(2x + 3) = 17

2x = 14

x = 7

So, the original number was 7.

the original number is 7

Big points and Brainliest look at the attachment pretty ez

Answers

Answer:

D. 2 1/4

Step-by-step explanation:

(99/8)/(11/2)

(99/8)*(2/11)

(9/4)*(1/1)=9/4

9/4=2+1/4

"Five less than
the quotient of
a number and
3 is -7°
A. 5 - X/3-7
B. -7 +x/3
C. X3 - 5 =-7
D. 5 - 4/2 = -7

Answers

The answer is C. I hope it helps

Find the measure of the interior angle of the polygon
48°
132
132

Answers

Answer:

48º

Step-by-step explanation:

Looks like opposite angles are congruent

HELP PLEASE I GIVE BRAINLIEST

Answers

Answer:

30

Step-by-step explanation:

Perimeter of rectangle = 5y - 1 + 4y + 2 + 5y - 1 + 4y + 2

                                      = 18y + 2

18y + 2 = 128

18y = 128 - 2

     = 126

y = 126 ÷ 18

y = 7

Length of AD = 4y + 2

                      = 4(7) + 2

                      = 28 + 2

                      = 30

82. If AB has endpoint A (2,13) and midpoint (10, -1) then
give the coordinate of B.

Answers

Answer:

3

Step-by-step explanation:

The required coordinates of point B are (18, -15) where AB has endpoint A (2,13) and midpoint (10, -1).

What is the midpoint?

The midpoint formula states that the coordinates of the midpoint of a line segment with endpoints (x₁, y₁) and (x₂, y₂) are given by the formula (x₁ + x₂)/2, (y₁ + y₂)/2.

As per the question, we are given that AB has endpoint A (2,13) and midpoint (10, -1)

We can use these coordinates to find the coordinates of point B, which is the midpoint of line segment AB.

Let the coordinates of B would be (x, y)

Substituting the coordinates of points A into the midpoint formula gives us :

10 = (x+2)/2 ; -1 = (y+13)/2

20 = x +2 ; -2 = y + 13

x =  18 ; y = -15

Therefore, the required coordinates of point B are (18, -15).

Learn more about the midpoint here :

brainly.com/question/5127660

#SPJ2

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