The most Stanley can afford to pay per year in mortgage payments is $12,000, and his credit score is currently 544. According to the following table for a $150,000 mortgage, by how many points would he need to improve his credit score in order to take a mortgage for $150,000? FICO Score 720-850 700-719 675-699 620-674 560-619 500-559 Interest Rate 5.59% 5.71% 6.25% 7.40% 8.53% 9.29% Monthly Payment $860 $872 $924 $1,039 $1,157 $1,238 O A. 156 points OB. 131 points O C. 76 points O D. 14 points​

The Most Stanley Can Afford To Pay Per Year In Mortgage Payments Is $12,000, And His Credit Score Is

Answers

Answer 1
B. Is the correct answer
Answer 2

The answer is not listed in the options. The credit score points are 170.

What is a credit score?

To determine the answer, we need to find the interest rate and monthly payment associated with Stanley's credit score of 544.

Since Stanley's credit score is not listed in the table, we need to estimate the interest rate and monthly payment based on the information provided. Generally, the lower the credit score, the higher the interest rate and monthly payment.

Let's assume that Stanley's interest rate would be 10% and his monthly payment would be $1,000 based on his credit score of 544.

Using the table, we can see that for a $150,000 mortgage with a 10% interest rate, the monthly payment would be $1,316.

Now, we need to determine how much Stanley can afford to pay per year in mortgage payments, which is $12,000. We can divide $12,000 by the monthly payment of $1,316 to get the number of payments he can make in a year: $12,000 ÷ $1,316 = 9.12 payments.

Since there are 12 months in a year, Stanley can only make 9 payments per year. Therefore, he can only afford a mortgage with 9 payments of $1,316, which is $11,844 per year.

To afford a $150,000 mortgage, Stanley would need to lower his interest rate or increase his monthly payment. Since he cannot afford a higher monthly payment, he would need to improve his credit score to lower his interest rate.

Looking at the table, we can see that the interest rate associated with a credit score of 675-699 is 6.25%, which would result in a monthly payment of $924. To afford a $150,000 mortgage with a monthly payment of $924, Stanley would need to improve his credit score by 544 - 675 + 1 = 170 points.

Therefore, the answer is not listed in the options.

To know more about credit scores follow

https://brainly.com/question/30237003

#SPJ5


Related Questions

If $36.25 in tax is added to the price of an item, what was the original price in dollars of the item?
$400
$500
$483.33
$600

Answers

483.33 I’m pretty sure

At the farmers market, you can buy 3 jars of honey for $12,6 jars of honey for $24,or 9 jars of honey for $36.what is the constant of proportionality for buying jars of honey ?

Answers

Answer:

12

Step-by-step explanation:

Professor Turner wrote the expression below on the chalkboard for his team at the Research Center. He asked the scientists there to write an equivalent expression that eliminated the parentheses.

Answers

Answer:

12x + 18y + 6z + 4x - 4z

Step-by-step explanation:

Given the expression : 3(4x + 6y + 2z) + 4(x – z)

To eliminate the parenthesis ; we use the distributive property :

3(4x + 6y + 2z) + 4(x – z) becomes ;

3*4x + 3*6y + 3*2z + 4*x + 4*-z

12x + 18y + 6z + 4x - 4z

Hence,

12x + 4x + 18y + 6z - 4z

16x + 18y + 2z

Find the corresponding time in the different countries in relation to the Philippine time. Choose the correct answer from the give choices.

Answers

There hope that helps pretty confident in those answers it helps to convert the 1:00pm to 13:00



1 In triangle MNP the measure of angle NPM is 80° and the measure of angle MNP is 22.5°.

What is the measure of angle PMN in degrees?

Answers

Answer:

77.5°

Step-by-step explanation:

Recall that the sum of angles in a triangle is 180 degrees.

Given the triangle MNP with the measure of angle NPM is 80° and the measure of angle MNP is 22.5°

Then

angles NPM +  MNP + PMN  = 180 degrees

This means that

80 + 22.5 + PMN = 180

102.5 + PMN = 180

Collect like terms

PMN  = 180 - 102.5

= 77.5°.

PLZ HELP ASAPPP I just need with 1 and 2 this is my very last assignment! Thank you guys for all your help this yr!

Answers

Answer:

1.   a = 32.96    m∠B = 21°   b = 12.74

2.   x = 24.99

Step-by-step explanation:

1.   Use the law of sines:

a/sin 112 = 26/sin 47

a = 26 sin 112/sin 47

a = 32.96

m∠B = 180 - 47 - 112 = 21°

b/sin 21 = 26/sin 47

b = 26 sin 21/sin 47

b = 12.74

2.   Use the law of cosines

[tex]x^{2} = 17^{2} + 11^{2} - 2(17)(11) cos 125[/tex]

    =  289 + 121 - 374 cos 125

    =  624.5175....

x =  [tex]\sqrt{624.5175...}[/tex]

 = 24.99


If 9x x 3x+1 = 2187, what is the value of x?




Answers

Answer:

x = 80.96

Step-by-step explanation:

9x * 3x +1 = 2187

27x +1 = 2187

27x = 2187-1

27x = 2186

x = 2186/27 = 80.96(2dp)

What part of the circle is shown in purple?

Answers

Answer:

Radius

Step-by-step explanation:

I know the answer

Answer:

Radius

Step-by-step explanation:

The wild things pet store has 4 birdcages with 6 canaries in eacg cage. The pet store also has a birdcage with i oarakeets. Which expression shows the number of birds in wild things pet store?

Answers

Answer:

(4 * 6) + 8

Step-by-step explanation:

The Wild Things Pet Store has 4 birdcages with 6 canaries in each cage. The pet store also has a birdcage with 8 parakeets. Which expression shows the number of birds in Wild Things Pet Store?

Solution:

Each birdcage contain 6 canaries, therefore since there is a total of 4 birdcages, the number of canaries in the 4 bird cages is given by:

Number of canaries = 4 birdcages * 6 canaries per birdcage

Also, there is one birdcage with 8 parakeets, hence the number of parakeets is:

Number of Parakeet = 1 birdcage * 8 parakeet per birdcage = 8 parakeet

The total number of birds in the Pet store = number of canaries + number of parakeet

number of birds in the Pet store = (4 * 6) + 8

What part of the circle is shown?

Answers

The answer is diameter.

Answer:

Diameter

Step-by-step explanation:

The diameter is a straight line through the centre of a circle.

Hope this helps :)

"How much does it cost for a ticket to ride the subway from Station A to Station B?"
Is this an statistical question or its not an statistical question?

Answers

It’s not a statistical question

A full bag of cat food weighs 2 ⅙ pounds. How much cat food do you have if there are 4 ½ bags in the cupboard? *

Answers

there would be 2  bags in there

Hi, what is 1/7 + 3/4 first right answer gets brainliest

Answers

Answer:

25/28 (Decimal: 0.892857 )

Branliest?

Answer:

[tex]\frac{25}{28}[/tex]

Step-by-step explanation:

Combine the fractions by finding a common denominator.

Luke randomly selects 25 students from his school and asks each of them how many minutes they read each night to find out how much, on average, students at his school read. This represents which type of data collection

Answers

Answer:

Simple random sampling

Step-by-step explanation:

Luke wants to study average minutes students read each night. For that matter, he has selected a 'sample' of 25 students from entire 'population' of students in school.

He has selected the sample students randomly, for collecting data related to minutes of study each night. He also collects data from them directly ie with primary contact with them.

So, primary data collection, simple random sampling - has been used as a type of data collection.

12) What value of x makes : f(x) = 30

Answers

Answer:

f(5) = 30  so x=5

Step-by-step explanation:

We want to find the value of x which makes the y value of the function 30

Looking at the graph x=5 makes y=30

What is 5/9 +1/3 = I appreciate all answers!!

Answers

It is false or 8/9 is equal to 1

1.) Multiply Denominator:

9x3= 27

27 will be your new denominator for your answer.

then take 5 and multiply by 3.

5x3=15

then take 1 and multiply by 9.

1x9=9

Afterwards, you plus 15 and 9 to get 24.

so your fraction for the end will be 24/27.

On a quiz there are four multiple-choice questions worth 3 points each and two true/false questionsworth 1 point each . Each multiple-choice question has five possible choices . If a student randomlyguesses on each question , what is the expected value of the student's score on the test ?

Answers

Answer:

The expected value of the student's score on the test is 3.4.

Step-by-step explanation:

Multiple choice questions:

worth 3 points.

Five possible choices, one of which is correct. So the expected value of the student in each multiple choice question is:

[tex]m = 3\frac{1}{5} = 0.6[/tex]

True/false questions:

worth 1 point.

2 options, one of which is correct, so the expected value for each is:

[tex]t = 1\frac{1}{2} = 0.5[/tex]

What is the expected value of the student's score on the test ?

4 multiple choice, two true-false. So

[tex]E = 4m + 2f = 4(0.6) + 2(0.5) = 2.4 + 1 = 3.4[/tex]

The expected value of the student's score on the test is 3.4.

‼️ PLEASEEE HELPPP ‼️

Answers

Answer:

take out x+60 and = x+54 cross multiply for starters

please help me on this thing

Answers

Answer:

85 cm

Step-by-step explanation:

Answer:

68 cm

Step-by-step explanation:

Use the following formula (Pythagorean Theorem) to solve for c:

[tex]c^{2}= \sqrt{(a^{2}) - (b^{2})[/tex]

Substitute values:

[tex]c^{2}= \sqrt{(77^{2}) - (36^{2})[/tex]

Simplify:

[tex]c^{2}= \sqrt{(5,929) - (1,296)}[/tex]

[tex]c^{2}= \sqrt{4633}[/tex]

c ≈ 68 (rounded from 68.07)

A cable 27 feet long runs from the top of a utility pole to a point on the ground 16 feet from the base of the pole. How tall is the utility pole?

Answers

Answer: 31.38

Step-by-step explanation:

you can always remember a*2+b*2=c*2

add/ multiply a and b to find c

The scatterplot below shows the relationship between the height, in inches, and the shoe size of each of 10 students in a class. Students' Heights and Shoe Sizes 69 Height Based on the scatterplot, what ordered pair represents the outlier in the data? O (67, 7) O (8.5, 65) O (7.67) O (65,8.5)​

Answers

(67,7) is the answer

Which of the following is a non linear equation?
i) x/3 = 12
ii) x + 1 = 6
iii) x + y + z = 17
iv) x y + x/y = 3

Answers

Answer:

Option (iv) is correct.

Step-by-step explanation:

The linear equation is the equation in which the degree of the equation is 1.

(i) x/3 = 12

As the degree of equation is 1, so, it is a linear equation.

(ii) x + 1 = 6

As the degree of equation is 1, so, it is a linear equation.

(iii) x + y + z = 17

As the degree of equation is 1, so, it is a linear equation.

(iv) x y + x / y = 3

x y^2 + x = 3 y

The degree of equation is 3, so the equation is non linear.

math is hard


I'll mark someone the brainlyest​

Answers

Answer:

1/w^6 or w^-6

Step-by-step explanation:

You add the two exponents

I recommend putting 1/w^6

Please mark brainliest

The height of a cuboid whose volume is 275 cm3 and base area is 25 cm2 is:​

Answers

Given:

The volume of a cuboid = 275 cm³

The base area of the cuboid = 25 cm²

To find:

The height of the cuboid.

Solution:

We know that, the volume of a cuboid is:

[tex]V=l\times b\times h[/tex]

Where, l is length, b is breadth and h is the height.

It is also written as:

[tex]V=B\times h[/tex]               ...(i)

Where, B is the base area and h is the height of the cuboid.

Putting [tex]V=275, B=25[/tex] in (i), we get

[tex]275=25\times h[/tex]

[tex]275=25h[/tex]

[tex]\dfrac{275}{25}=h[/tex]

[tex]11=h[/tex]

Therefore, the height of the cuboid is 11.

Write the equation of the line in fully simplified slope-intercept form.

Answers

Answer:

y=-1/2x-1

Step-by-step explanation:

D
Which point is the
orthocenter of AABC?
A. Point D
B. Point E
C. Point F

Answers

B because I had this question

Find the slope of the line that crosses through the points (-2, 5) and (-5, -4)

Answers

Answer:

umm i believe it is positive 5

Step-by-step explanation:

i hope i helped

The correct answer is positive 5. I did it and got it correct! Hope this helps!!

♡BRAINLIEST TO RIGHT ANSWER♡
------Find the surface area of the figure, round your answer to the nearest hundredth if necessary <3
5.1 in
1 in​​​

Answers

Answer:

19.47

Step-by-step explanation:

if the radius Is 1 and height is 5.1

The answer in my eyes is probaly about 19.4. Don’t really know if this is right for the meaning of yours as there are many. Hope this helps x

math math math math math

Answers

the length would be 85 km

Answer:

85 km

Step-by-step explanation:

Estimate the following using general rule.
730+998
796-314
7,720 × 626
6,498 ÷ 52

Answers

Answer:

answers rounded to the nearest tens: 1730, 480, 4832720, and 130.

Other Questions
3. What is the author's main purpose in the article? (Commonlit the story called Elon musk's neuralink plans to hook human brain directly to computer) A to compare humans to pets in their homes B to highlight the differences between humans and artificial intelligence C to argue that human beings will one day be replaced by beings with artificial intelligence D to explain the development of new technology that may change the future of human brain function Redacte tres oraciones con predicado nominal Why did Christianity spready so rapidly throuhout the Roman Empire and eventually become the official Roman state religion? Who was the leader of al-Qaeda and the mastermind behind the September 11thTerrorist Attacks? p. 292Ali Ababwa 1.Sadaam Hussein2.Osama bin Laden3. What is the area of the hexagon? What does Poseidon do when he realizes what the gods have done? He begs Zeus to change his mind.O He yells at Hermes for telling Calypso to free Odysseus. He finds Odysseus and fights with him. He generates violent, stormy weather. The budding of clathrin-coated vesicles from eukaryotic plasma membrane fragments can be observed when adaptations, clathrin, and dynamin-GTP are added to the membrane preparation. What would you observe if you omitted (A) adaptations, (B) clathrin, or (C) dynamin she was grateful .............the gift?A) for B) onC) wasD) off Using the word bring in either the past or the past tense. Tell me a shot story. Chloe and Ainsley start an art club. The first week they are the only 2 people in the club. They invite more friends to join. Each week thenumber of people in the club doubles.How many people are in the club on the third week? Refer to your Expeditions in Reading book for a complete version of this text.Part AWhat is a theme of "The Adventure of the Three Students?"O There is honor in taking responsibility for one's behavior.It is important to find balance between work and rest.O People do unjust things out of fear.O Memories of family members should be cherished above all else.Part BWhich detail from the text best supports the answer in part A?So Giles was left very poor, but he is hardworking and industriousHe came to me earlier tonight and said I must own up to my actionsHe was with us until I was ten, when I father gambled away all of our money and we could no longer afford to pay himThen, recognizing the gloves, you pretended to feel faint so you could sit on them and hide them from Professer Soames An ice cream company did a survey among high school students. It was found that 75 students liked vanilla ice cream and 42 of those students liked chocolate ice cream also. There were 18 students who did not like vanilla ice cream but liked chocolate ice cream. There were 7 students who did not like either vanilla ice cream or chocolate ice cream.Using a two-way table, predict the number of students who would like chocolate ice cream when 200 high school students participate in the survey. (5 points)1004012060 4. Janet wants to spend no more than $45 her friend's birthday gift. She already bought her a$15 bracelet. Write an inequality to show how much can she still spend on her friend? Biodiversity describes the variety of ________ on our planet. Four times the difference of a number and 16. 1. How has the war already killed Paul before he dies?ALL QUIET ON WESTERN FRONT Which words are opposites?01. break, brakeO2. father, man03. huge, enormous04. destroy, construct Write the balanced equation for the reaction between potassium nitrate and sodium below. What adaptations do desert animals have that help them survive the hot dry desert? What is Sleep mode? Check all of the boxes that apply.It is a power-saving mode for a computer.It puts your work and computer settings in memory while using little power.It is a power-saving mode designed for laptops.It is the same thing as Hibernate mode.The supreme court's ruling in Marbury v. Madison was important because it