Jim has an annual salary of $96,000. His monthly expenses include a $2,500 mortgage payment, a $250 lease
payment, $500 in minimum credit card payments, and a $425 payment on his speed boat. He also receives $1,200 in
interest from his savings and other accounts each month. Calculate Jim's DTI (debt-to-income) ratio.
a. 30%
b. 35%
c. 40%
d. 45%we

Answers

Answer 1

Answer:

40%

Step-by-step explanation:

(c) in Edge2020

Answer 2

The Debt to Income Ratio of Jim is 40%

Data;

Annual Income = $96,000 + (1200 * 12) = $96000 + 14400 = $110,400Mortgage payment = $2500 * 12 = $30,000Lease payment = $250Speed boat = $425 Credit card = 500 * 12 = $6000Debt To Income Ratio

This is calculated as the sum of his total expenditures or liabilities to his total asset and expressed as a percentage.

Total liabilities is calculated as

[tex]30,000 + 5100+3000+ 6000 = $44100[/tex]

The DTI can be calculated as

[tex]DTI = \frac{44100}{110400}*100\\DTI = 39.94 *100\\DTI = 40 \%[/tex]

From the calculations above, the DTI of Jim is 40%

Learn more debt to income ratio here;

https://brainly.com/question/13522402


Related Questions

What would the equation be? I give brainliest if correct

Answers

Answer:

I am pretty sure it's a

I hope this helps

please help me and don't just write a random answer for the points. thank you

Answers

Answer:

If A, C, and D are each 13 then if i answer this problem i will get 5 points sooo goodluck

Step-by-step explanation:

A computer technician charges $75 for a consultation plus $35 per hour. Write the linear equation that models this situation.

Answers

The answeris : y=35x+75

Mr. Webb had 90.66 feet of wood. If he gave Jim 15.4 feet, Allison 20.69 feet and Cory
32.02 feet, how much does he have left?

Answers

Answer:

22.55 ft of wood is what mr. webb will have left

I need help fast plz

Answers

Answer:

1. m = -3, b = 4

2. m = 0, b = 7

3. m = -1.5, b = -4

4. m = 3, b = 0

5. m = 1.5, b = -7

The total cost, C, to attend a swim meet for a swimmer competing in x events can be modeled using a linear function. Each swimmer will pay a $3.00 entry fee for each event and $8.00 for lunch. Each swimmer may sign up for a maximum of 5 events. What is the range of the function for this situation?

Answers

Answer:

The range is between $11 to $23

Step-by-step explanation:

let the total cost be c

let the number of events be x

the linear model is

c=3x+8

therefore for 1 event

c=3(1)+8

c=3+8

c=11

=$11

therefore for 5 events

c=3(5)+8

c=15+8

c=23

=$23

The range is between $11 to $23

Which of the following is an arithmetic sequence?

-2, 4, -6, 8, ...
2, 4, 8, 16, ...
-8, -6, -4, -2, ...

Answers

Answer:

-8, -6, -4, -2

Step-by-step explanation:

This is the only sequence that is using constant repetition of addition, either adding positive numbers or adding negative numbers (the same positive or negative number). This one that you answered is always adding 2 from the prior number, so -6 = -8+2, -4=-6+2, and so on.

The first one is an odd combo where you add and subtract different values different signs each time, it is not constant addition of the same number.

The second one is multiplication which is not arithmetic, so that means it is constantly being multiplied by 2 each time.

Answer:-8,-6,-4,-2

Step-by-step The last one because it is consistent by adding 2 the other ones ad then subtract or multiply and you can do that so the last on

A triangle with vertices J(3, 0), K(4, 3), and L(6, 0) is rotated clockwise 90° about the origin. What are the new coordinates for J' K' and L' ?

Answers

Answer:

The new coordinates of the triangle J'K'L' are J'(0, -3), K'(3, -4), and J'(6, 0)

Step-by-step explanation:

The given coordinates of the triangle JKL are;

J(3, 0), K(4, 3), L(6, 0)

The rotation of the point of a preimage (x, y) by 90° clockwise gives the point of the image after rotation as (y, -x)

Therefore;

The rotation of point J(3, 0) by 90° clockwise gives J'(0, -3)

The rotation of point K(4, 3) by 90° clockwise gives K'(3, -4)

The rotation of point L(6, 0) by 90° clockwise gives J'(6, 0)

The new coordinates of the triangle J'K'L' are J'(0, -3), K'(3, -4), and J'(6, 0)

A high school track is 9.76 meters wide. It is divided into 8 lanes of equal width for
track and field events. How wide is each lane?

Answers

Answer:

1.22

Step-by-step explanation:

9.76/8

Answer: 1.22 Explanation to my answer: 9.76/8

Factor completely 4x^2-81

Answers

Answer:

(2x - 9)(2x + 9)

Step-by-step explanation:

4x^2 - 81 = (2x - 9)(2x + 9)

Answer:

(2x+9)(2x-9)

Step-by-step explanation:

kind of simple actually

4x^2-81=(2x+9)(2x-9)

HELP PLEASE
I DONT UNDERSTAND

Answers

Answer:

v1 positive v2 negative

Step-by-step explanation:

How would you classify the number 125?

a perfect square

b perfect cube

c both a perfect square and a perfect cube

d neither a perfect square nor a perfect cube

Answers

Answer:

(b) a perfect cube

Explination:

It is a perfect cube of 5

Find the measure of ∠7.

Given:
∠1 is a right angle
∠3 = 37°
∠8 =62°

A. 53°
B. 65°
C. 105°
D. 127°
E. 245°

Answers

Answer:

The answer is B: 65.

Angle 8 + angle 7 = right angle + 37 degree

, 62 degree + angle 7 = 127 degree

, angle 7 = 127 degree - 62 degree

, = 65 degree

The diameters of trees at a nursery are Normally
distributed with a mean of 2.5 inches and a standard
deviation of 0.5 inches.
X-
Calculate the Z-score for a tree that has a diameter of
1.83 inches. Round the Z-score to the nearest
hundredth, if necessary.
The Z-score for a tree that has a diameter of 1.83 inches
is about...?

Answers

Answer:

-1.34

Step-by-step explanation:

Point Mis the midpoint of segment AC. Point M is located at (25.5, 60.1), and point Cis

located at (18.3, 72.5).

A

B

M (25.5, 60.1)

D

C (18.3, 72.5)

Find the location of point A. Round to the nearest tenth.

"write your answer as a coordinate with parenthesis and a comma separating the x and y.

value

Answers

Answer:

(21.9, 66.3)

Step-by-step explanation:

Given the coordinates A (25.5, 60.1) and C (18.3, 72.5)

The formula for calculating the midpoint is expressed as;

M = {(x1+y1)/2, (y2+y1)/2}

X = (x1+y1)/2

Y = (y2+y1)/2

From the given coordinates A (25.5, 60.1) and C (18.3, 72.5)

x1 = 25.5, y1= 60.1, x2 = 18.3 and y2 = 72.5

X = (25.5+18.3)/2

X = 43.8/2

X = 21.9

Y = (72.5+60.1)/2

Y = 132.6/2

Y = 66.3

The midpoint of the coordinates M will be M(21.9, 66.3)

what is y if x is 12 for this slope intercept form equation y=-1/3x-2

Answers

Answer:

-6

Step-by-step explanation:

y=-1/3(12)-2

=(-1/3x12/1)-2

=-4-2

y=-6

Evaluate the expression when n=8
The product of one fourth and a number increased by 3

Answers

5

1/4n + 3
Plug 8 in for n so 1/4(8) + 3
1/4 x 8 = 2
2 + 3 = 5

5

1/4n + 3

plug 8 in for n so 1/4(8) + 3

1/4 × 8 = 2

2 + 3 =5

Johnny scored a 75% on his math test. He got 18 questions
correct. How many questions were on the test? *

Answers

the answer to this question is 24

Answer:

24

Step-by-step explanation:

18/24=0.75

Hope this helps!

1-x/1+x=2x+1/-2x+5 find x

Answers

Answer:

x = [tex]\frac{2}{5}[/tex]

Step-by-step explanation:

Given

[tex]\frac{1-x}{1+x}[/tex] = [tex]\frac{2x+1}{-2x+5}[/tex] ( cross- multiply )

(2x + 1)(1 + x) = (1 - x)(- 2x + 5) ← expand parenthesis on both sides using FOIL

2x + 2x² + 1 + x = - 2x + 5 + 2x² - 5x , simplify

2x² + 3x + 1 = 2x² - 7x + 5 ( subtract 2x² from both sides )

3x + 1 = - 7x + 5 ( add 7x to both sides )

10x + 1 = 5 ( subtract 1 from both sides )

10x = 4 ( divide both sides by 10 )

x = [tex]\frac{4}{10}[/tex] = [tex]\frac{2}{5}[/tex]

Answer:

 x = 2/5

Step-by-step explanation:

[tex]\frac{1-x}{1+x}=\frac{2x+1}{-2x+5}[/tex]

Cross multiply,

(1 - x)(-2x + 5) = (2x +1)(1 + x)

Use FOIL method to multiply,

1*(-2x) + 1*5  - 2x *(-x) + 5*(-x) =2x *1  + 2x *x  + 1*1 + 1*x

             -2x + 5  + 2x² -5x    = 2x + 2x² + 1 + x

Combine like terms,

              -2x - 5x + 2x² + 5 = 2x² + 2x +x  + 1

                      -7x + 2x² + 5 = 2x² + 3x + 1

           -7x + 2x²  - 2x² - 3x  = 1 -  5

                             -7x - 3x    = - 4

                                       -10x = -4

                                          x = -4/-10

                                          x = 2/5

I don’t know the answer to this

Answers

First answer choice !!

Please help or i get a detention!

Answers

Answer:

a) Angle XBC = 55⁰ because its correspond to Angle AXY which is equal to 55⁰ and corresponding angles are equal.

b)Angle BXC = 70⁰

Step-by-step explanation:

b) Since XB = XC, triangle BXC is therefore an isosceles triangle.

Angle XBC = Angle XCB

Sum of interior angles of a triangle = 180⁰

55⁰ + 55⁰ + Angle BXC = 180⁰

110⁰ + Angle BXC = 180⁰

Angle BXC = 180⁰- 110⁰

= 70⁰

Solve the inequality 5:0 -6 < 2 + (30 — 4).
Pls help

Answers

Answer:

x≤2

Step-by-step explanation:

The answer to 5x-6≤2+(3x-4)

Happy Halloween!

Help me pleaaaaaaassssssssseeeeeeee

Answers

Answer:

+29

Step-by-step explanation:

(-)(-)=+

HELP!!!!!!!!!!!!!!!!!!!!! I WILL LOVE YOU FOREVER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

I am not 100% sure but I think it is

Question 9:

A. (-2, -2)

B. (1, 0)

C. (3, -7)

Question 10:

A. (-1, -3)

B. (-4, -5)

C. (-6, 2)

write an equation that is parallel to the equation (-3,-5) and (1,7) and goes through the point (2,4)

Answers

You didn't give an original equation, just the two points so I'm just going to go ahead and assume that b = 0, but in reality, it doesn't really matter what it equals I think.

Slope intercept form:

First, we find the slope, so we do y1-y2/x1-x2 which is 3. So then we do y=mx+b so 4=3(2)+b. Then we do 4=6+b. So, b = -2.

So the equation is y=3x-2

Find the slope which we already know. Plug into y-y1=m(x-x1).

y-4=3(x-2)

y-4=3x+6

Please help me out with problem 2.

Answers

Image is too blurred.

Try taking another one.

Answer:

Step-by-step explanation:

I will be using all caps for variables

Solve for L

V = LWH

/ WH  /WH

V/WH = L

Solve for H

V = LWH

/LW  /LW

V/LW = H

Can you help, Solve for x. -2 + 3x = 2х + 6 +
X

Answers

Answer:

trick question

Step-by-step explanation:

The equation cannot be answered since if you add like terms you have 3 x on each side but different total values

Given the diagram and information below, find m∠TUV.

Answers

Answer:

halabyouuuuuu

yiieeeeeee

A cake recipe for 5 people requires two eggs. How many eggs do you need for a 15 person cake

Answers

Answer:

6 eggs

Step-by-step explanation:

15=5*3

so times the eggs by 3

2*3=6

pls help!!! I will give brainliest!!
2/3 - 1/5
A) 1/2
B) 13/15
C) 30/15
D) 7/15

Answers

Answer:

D: 7/15

Step-by-step explanation:

you find the common factor of the denominators so now you have 10/15 - 3/15. then you subtract the numerators to get 7/15.

hope this helps :))

Answer:

[tex]\frac{7}{15}[/tex]

Step-by-step explanation:

=> [tex]\frac{2}{3}-\frac{1}{5}[/tex]

=> [tex]\frac{2\times{5}}{3\times{5}}-\frac{1\times{3}}{5\times{3}}[/tex]

=> [tex]\frac{10}{15}-\frac{3}{15}[/tex]

=> [tex]\frac{10-3}{15}[/tex]

=> [tex]\bold{\frac{7}{15}}[/tex]

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