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?

Answers

Answer 1

Answer: Not likely; recurring debt is higher than what is allowed.

Step-by-step explanation:

The options are:

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.

Annual salary = $37,580

Car loan payment annually = $265 × 12 = $3180

Annual student loan= $120 × 12 = $1440

Annual loan payment will be:

= $3180 + $1440

= $4620

Based on the above, Mandy is already paying 12.3% (4620 / 37580)× 100 as loan every month. Coupled with the fact that he'll still have some amount to pay as loan every month, he won't be given as the recurring loan is higher than what will be allowed.

Answer 2

Answer:

c. Not likely; recurring debt is higher than what is allowed.

Step-by-step explanation:

got it right


Related Questions

An element with a mass of 650 grams decays by 13.2% per minute. To the nearest minute, how long will it be until there are 220 grams of the element remaining?

Answers

Answer: 8

Step-by-step explanation:

The time taken where there is 220 grams of the element remaining should be considered as the 5 minutes.

Calculation of the time taken:

Since An element with a mass of 650 grams decays by 13.2% per minute.  and there is 220 grams of the element remaining.

So, the mass decays be

= 650 - 220

= 430

Now the total percentage be like

[tex]= 430 \div 650[/tex]

= 66.15%

Now the time taken should be

= [tex]66.15\div 13.2[/tex]

= 5 minutes

The time taken where there is 220 grams of the element remaining should be considered as the 5 minutes.

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Two parallel lines, a and b, are cut by transversal p. What is the
measure of Zx?
11
10
65°
P
A 65
75
105
D 115

Answers

i THINK it’s D cuz the other side would also be 65 and it’s a 180 line in total

The measure of x is 115° from the given parallel lines. Therefore, option D is the correct answer.

What are angles of parallel lines?

Angles in parallel lines are angles that are created when two parallel lines are intersected by another line called a transversal.

Let the interior alternate angle to 65° be y.

Now, y=65°  (Alternate interior angles are equal)

Here, y°+x°=180° (Adjacent angles)

65°+x°=180°

x°=115°

Therefore, option D is the correct answer.

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At the start of the month, the value of an investment was $53.92. By the end of the month, the value of the investment changed by a loss of $17.40. What was the value, in dollars, of the investment at the end of the month​

Answers

Answer:

$36.52

you're welcome :)

In this diagram lines AB and CD are Parallel

Answers

Answer: I need a picture to find out ;-;

Step-by-step explanation:

Answer:

if youre asking for the equation its AB=CD

Step-by-step explanation:

If youre not, you'll need to attach a file or smth :'D

D
G
M
C
B В
K
Which points in the graph are in Quadrant II?
A) E, F, H, N
B) A, L
OC) A, L, D, F

Answers

Answer:

A) E, F, H, N

Step-by-step explanation:

I think so......

Write the equation of a line that passes through the
points shown in the table.
Which equations represent a line that passes through
the points given in the table? Check all that apply.
х
y
y-2 = -6(x + 10)
Oy-2=-1(x + 10)
-10
2
Oy-1--1(x + 4)
-4
1
y=-6x - 58
8.
-1
y=-3x+
y=-**+5
14
-2

Answers

Answer:

it's b on edge 2020

Step-by-step explanation:

you're welcome :)

The equations of the line that passes throught the point given in the table are as follows;

[tex]y = -\frac{1}{6} x+\frac{1}{3}[/tex]

[tex]y-2=-\frac{1}{6}(x+10)[/tex]

Equation of a straight line

The linear equation of a striaght line is represented as follows:

y = mx + b

where

m = slopeb = y-intercept

Therefore,

m = 1 - 2 / -4 + 10

m = - 1 / 6

Let's find b using (-10, 2)

2 = - 1 / 6(-10) + b

2 = 5 / 3 + b

b = 2 - 5 / 3

b =  6 - 5 / 3

b = 1 / 3

hence,

[tex]y = -\frac{1}{6} x+\frac{1}{3}[/tex]

using y - y₁ = m(x - x₁)

y₁ = 2

x₁ = -10

m = - 1 / 6

Hence,

[tex]y-2=-\frac{1}{6}(x+10)[/tex]

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Consider the rectangle reduction.

What is the missing dimension of the reduced rectangle?

11/5, 11/8, 17/15, 17/20.

Answers

Answer:

11/15

Step-by-step explanation:

17/8 is to 17/20 as 11/6 is to x.

(17/8) / (17/20) = (11/6) / x

(17/8)x = 17/20 * 11/6

(17/8)x = 187/120

(8/17) * (17/8)x = 8/17 * 187/120

x = 11/15

Answer:

11/15

Step-by-step explanation:

just got it right !! :)

Helppp meeee plzzz thanks

Answers

Answer:

500+4=504

Step-by-step explanation:

Hope it helps

Easy 6th grade question for 25 points.
Reed uses 8 pieces of glass per square foot to make a stained glass window.

How many pieces of glass will he need to make a window that is 864 square inches?

Answers

Answer:

Answer is 576. divide 864 by 12 because 12 inches is a foot and then you'll get 72 and then you multiple that by 8.

What is 0.0033 in scientific notation?

Answers

3.3 * 10^-3

Moving the decimal right gives a negative power

Answer:

[tex]=3.3*10^{-3}[/tex]

which equation is true
A. 0.9 = 90/100
B. 12/10 equal to 1.02
C. 1.9 = 9/100
OR
D. 18/9 = 0.2

Answers

A. All the others are false

q(x)=2 −2+? please solve this huhu

Answers

Answer:

I mean it would just be q(x) = 0

Step-by-step explanation:

Answer: q=0

Step-by-step explanation: Let's solve for q.

qx=2−2

Step 1: Divide both sides by x.

qx

x

=

0

x

q=0

Answer:

q=0

1.45
--
Decimal as fraction

Answers

Answer:

1.45 as a fraction is 29/20

Step-by-step explanation:

1.45 equivale a 29/20 en fracción

Helpppppp I don’t get it

Answers

Answer:

-3y + 2x - 4

Step-by-step explanation:

Answer:

-3y - 4 + 2x

Step-by-step explanation:

when it says combine like terms, it means combine the terms that have the same variable

-7y, -2y, and 6y all have the same variable: y

so when you combine them, you get -3y (notice that the variable doesn't change, only the number in front of it does)

-2 and -2 are like terms, they don't have a variable

when you combine them, you get -4

-4x and 6x are like terms, their common variable is x

when you combine these, you get 2x

now put your answers together to get -3y - 4 + 2x

f(x) = 2x^2 + 6x – 4
g(x) = 5x^3 – 6x^2-3

Find (f +g)(x).

Answers

Answer:

5x^3 - 4x^2 + 6x - 7

Step-by-step explanation:

Given

f(x) = 2x^2 + 6x – 4 g(x) = 5x^3 – 6x^2-3

To find

(f +g)(x)

Solution

(f +g)(x) = f(x) + g(x) =2x^2 + 6x - 4  + 5x^3 - 6x^2 - 3  =5x^3 - 4x^2 + 6x - 7

How do you divide decimals 10.305 divided by2.5?

Answers

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[tex]10.305 \div 2.5 = [/tex]

[tex]10.305 \div \frac{10}{4} = \\ [/tex]

[tex]10.305 \times \frac{4}{10} = \\ [/tex]

[tex] \frac{10.305 \times 4}{10} = \\ [/tex]

[tex] \frac{41.220}{10} = \\ [/tex]

[tex]4.1220[/tex]

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Given that, 1 Chinese yuan = £0.13, convert £314 into Chinese yuan. Give
your answer to the nearest yuan.
Chinese yuan

Answers

Answer:

2415 Chinese yuan (rounded off to nearest yuan)

Step-by-step explanation:

£0.13 = 1 Chinese yuan

£314 = [tex]\frac{314}{0.13}[/tex]×1 Chinese yuan

       = 2415 Chinese yuan (rounded off to nearest yuan)

Mr. Evans is paid $10.40 per hour for the first 40 hours he works in a week. He is paid 1.5 times that rate for each hour after that.

Last week, Mr. Evans worked 41.75 hours. He says he earned $434.20 last week. Do you agree? Complete the explanation that supports your answer.

Answers

Answer:

Step-by-step explanation: 16,888 this are the answer

which of the following is a solution to the inequality 4x-5y<10

Answers

Answer:what is the following

Step-by-step explanation:

A game involves drawing a single card from a standard deck. One receives 60 cents for an ace, 30 cents for a king, and 5 cents for a red card that is neither an ace nor a king. If the cost of each draw is 10 cents, what is the expected value?

Answers

Answer:

The expected game value is -1 cent

Step-by-step explanation:

Here, we want to calculate the expected value of the game

We have 4 aces and 4 kings, including 26 red cards

The number of aces is 4

Probability of drawing an ace is 4/52 = 1/13

Probability of drawing a king is also 4/52 = 1/13

There are 26 red cards

The number of red cards that are neither ace nor king

There are 2 red aces and 2 red kings

So the number of cards that are red but are not

aces nor kings are 26-2-2 = 22

The probability of selecting this is 22/52 = 11/26

So the expected value is simply the probability multiplied by the amount

Thus, we have;

(60 * 1/13) + (30 * 1/13) + (5 * 11/26)

= 60/13 + 30/13 + 55/26

= (120 + 60 + 55)/26 = 9.038 cents which is approximately 9 cents

we subtract this from the 10 cents we are playing with, thus we are left with 9-10 = -1 cent

Given that
5x:9=7:3
Calculate the value of
x

Answers

Answer:

x = 4.2

Step-by-step explanation:

Given  5x:9=7:3 To findThe value of  xSolution5x:9=7:3 5x = 7*9/35x = 7*35x = 21x = 21/5x = 4.2

Answer:

4.2

Step-by-step explanation:

5x:9=7:3

5x/9=7/3

5X×3=7×9

15x=63

X=63/15

X=4.2

So the value of the X is 4.2

if sin(x)=2/5 and tan(x)>0 what is sin(2x)

Answers

Answer:

B

Step-by-step explanation:

correct on edge

The answer is, sin (2x)=4√21/25

What is trigonometry?

Trigonometry is a branch of mathematics that studies relationships between side lengths and angles of triangles.

Here, given that,

sin(x)=2/5

and tan(x)>0

Then, cos(x)=√21/25

tan(x)=2/√21

Now, sin (2x)=2tan(x)/1+tan²(x)

                    =0.873/1.19

                    =0.733

                    =4√21/25

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Sara hired her brother James to help her sell
lemonade. Sara agreed to pay James $1.00, plus
$0.10 for each glass of lemonade that he sold.
Sara paid James $3.60. How many glasses of
lemonade did James sell?

Answers

Answer:

3 Lemonade

Step-by-step explanation:

We add $1.00 with $0.10, then we get $1.10

We then divide $1.10 to the amount Sara paid

$3.60/1.10, we will get the answer 3

A fish makes 480 dives on 10 hours at this rate how many dives did the fish do in 4 hours

Answers

Answer: 1200

Step-by-step explanation:

Answer:

192

Step-by-step explanation:

First, you would divide 480 by 10 to get 48 because you divide by the number of hours.

Then, multiply 48 by 4 to get your answer.

The answer: 192

Susie’s bakery is having a sale on all cookies.The bakery is offering a sale pack 4 cookies

Answers

Is there any more to the question? I cant give an answer based off of that!!

Christa wants to put a fence
around her triangular flowerbed.
The sides of the flowerbed are
six feet, eight feet and 10 feet.
How many feet of fencing will
she need to enclose her flowerbed?​

Answers

Answer:

240 feet

Step-by-step explanation:

Graph the line y=2+1/x

Answers

2+1= 3

So is three ;-;?

Answer:

THERE U GO

Step-by-step explanation:

HOPE THIS HELPS

Graph the system of equations on your graph paper to answer the question. y = - x + 4, \qquad y = x - 2 What is the solution for the system of equations? Enter your answer by filling in the boxes.

Answers

Answer:

y=x+2

y=-x+8

Step-by-step explanation:

Need answer quickly!
Which expression is equivalent to StartFraction b Superscript negative 2 Baseline Over a b Superscript negative 3 Baseline EndFraction? Assume a not-equals 0, b not-equals 0.
StartFraction a Over b Superscript 5 Baseline
StartFraction 1 Over a b Superscript 5 Baseline Endfraction
StartFraction a cubed b Over 1 EndFraction
StartFraction b Over a EndFraction

Answers

Answer:

2

Step-by-step explanation:

Esme read 12 pages from her science book last night and it took her 18 minutes how long would it take her to read tonight's homework which is 22 pages long ​

Answers

Answer:

33 minutes

Step-by-step explanation:

It would tale her 1.5 min for each page

Other Questions
Use a system of linear equations with two variables and two equations to solve.205 students enrolled in a freshman-level chemistry class. By the end of the semester, 4 times the number of students passed as failed. Find the number of students who passed, and the number of students who failed. During combustion reactions, explain why the energy of the reactants must exceed the total energy of the products Mack writes a check to his maid, Marianne, in payment for services rendered. Marianne indorses the check in blank and gives the check to her masseuse, Janet, in exchange for a neck massage. Without indorsing the check, Janet gives the check to Martin, her newspaper carrier in payment for the next four month's delivery charges. Martin indorses with a special indorsement and negotiates the check to his church, St. Mark. The church indorses the check and deposits it in its bank account. If Mack's bank later dishonors the check, to whom may St. Mark's look for recovery?a. Martin onlyb. Only Mackc. Mack, Marianne, Janet, and Martind. Mack, Marianne, and Martin let's discuss touya and dabi What does a reader need to do before making a prediction about what will happen in a story?A.) Find Clues in the TextB.) Identify a ConflictC.) Identify what a character wantsD.) Check a prediction What statement best expresses the claim presented by President Washington? (a) The area of a rectangular field is 6536 m2.If the length of the field is 86 m, what is its width? ANSWER ASPPP PLS Describe which activities of your family members hinder the sustainable Development. Understand Bias and Reasoning Question 7 of 10 When does inductive reasoning lead to stereotyping? A. When it's made without any bias or opinions B. When it's based on insufficient examples or evidence C. When it's based on a generally accepted truth D. When it's based on years of observation and data brainlists please helpon the coner opposite of 8n is 5n What information in this text best provides an exampleof figurative language?the author's description of bread already stiffenedfrom the coldo the author's comparison of tree branches to chickenbonsthe author's description of a woodpecker drummingin the distanceo the author's comparison of the sounds of crunchingto breathing May someone help me with this please?!Factor the polynomial function over the complex numbers.f(x)=x4+3x24Enter your answer in the box.f(x)= 9^(x + 2) = 27Can someone help solve explain any four plants diseases caused bymicrobes Proteins whose conformations change when they are bound to an effector molecule are called A. activator proteins. B. regulatory proteins. C. enzymes. D. allosteric proteins E. Inhibitory proteins Europeans were able start exploration in the 1400s because of improved technology that they had gained from trade with Asia.True or false Louis is a student at Texas A&M who just secured a summer internship working for the marketing department of Southwest Airlines. He is assisting Marlene, one of the marketing managers, with a competitive assessment of the U.S. market. Marlene wants him to think outside of the box when assessing the competition. She tells him to think beyond direct competitors to any competitors that might be able to offer similar services as Southwest. Refer to Scenario 3.1. Which of the following represents a generic competitor to Southwest Airlines?a. GoKarts USAb. Greyhound Busc. FedEx Expressd. Delta Airlinese. Harley Davidson Please help asap and i will mark you brainliest Which expression is equivalent to StartFraction b Superscript negative 2 Baseline Over a b Superscript negative 3 Baseline EndFraction? Assume a not-equals 0, b not-equals 0.StartFraction a Over b Superscript 5 BaselineStartFraction 1 Over a b Superscript 5 Baseline EndfractionStartFraction a cubed b Over 1 EndFractionStartFraction b Over a EndFraction Which inequality has the graph shown below?Oy > 2x 3O y < 2x - 3oy > 2x - 3O y < 3x + 1