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

What is the value of tan c

Answers

Answer:

In trigonometry, the tangent of an angle in a right-angled triangle is equal to the ratio of opposite side and the adjacent side of the angle. Tan 30 degrees is also represented by tan π/6 in terms of radians. The exact value of tan 30° is 0.57735.

A swimming pool has two pipes coming into it to fill it with water. One pipe takes 16 hours to fill it. The other takes 12 hours to fill it. How many hours will it take both pipes to fill the pool?

Answers

Answer:

8 hours

Step-by-step explanation:

8 hours because half of 16 is 8 and half of 12 is 6

If it takes 6 hours to fill one half then the other 2 hours would go to the other pipe making it 8 hours

How to silver (10 points)

Answers

Answer:

there

Step-by-step explanation:

10.

TP = 20-12

TP = 8

SP = SQ

SP = 20

RQ = TP

RQ = 8

S-------15.5

20------12

12s = 310

s = 310/12

s =~25,8

11.

75--------46

100-------b

75b = 4600

b = 4600/75

b =~ 61,3

l² = 61,3² + 46²

l² = 3757,69 + 2116

l² = 5873,69

l = [tex]\sqrt{5873,69}[/tex]

l =~ 76,7

Find the value of z such that 0.02 of the area lies to the right of z. Round your answer to two decimal places.

Answers

The value of z-score such that 0.02 of the area lies to the right of z would be 2.06.

Given that,

0.02 of the area lies to the right of z.

Now, for the value of z such that 0.02 lies to the right of z, we can make use of the standard normal distribution table.

Since to determine the value of z such that 0.02 of the area lies to the right, we need to find the z-score associated with the cumulative probability of (1 - 0.02) = 0.98

Now for the value of 0.98 in the standard normal distribution table, we find that the corresponding z-score is 2.06.

Therefore, the value of z, rounded to two decimal places, is 2.06.

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The value of z such that 0.02 of the area lies to the right of z is approximately 2.05 (rounded to two decimal places).

To find the value of z such that 0.02 of the area lies to the right of z, we need to determine the z-score associated with that probability.

Since we're looking for the area to the right of z, we can use the standard normal distribution table or a statistical calculator to find the corresponding z-score.

By searching the table or using a calculator, we can find that the z-score associated with a right-tail probability of 0.02 is approximately 2.05.

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which of the following functions is graphed below​

Answers

Answer:

A.

Step-by-step explanation:

When X is zero y is 7.

It looks like the y intercept is 7 hard to tell in the picture

Answer:

im going to guess C

Step-by-step explanation:

Select all that apply.

A graph shows _____ in picture form.


variables
facts
color
statistics
sums
data

Answers

Answer:

Data

Step-by-step explanation:

The answer is data !

An adult elephant that is 10 ft tall casts a shadow that is 15 ft long. Find the length of the shadow that is a 8 ft telephone booth casts.
A. 7ft
B. 12 ft
C. 23 ft
D. 5 ft

Answers

Answer:

12 feet long bc of cross multiplying then dividing the product by 10 which gives you 12!


Determine if the following system of equations has no solutions, infinitely many
solutions or exactly one solution.
- 2x + 3y = 7
- 4x + 9y = 27

Answers

-2x+3y=7

X=-2y+3y+-3y=7+3y

-2x=-3y+7

-2x/-2=-3y+7/-2

X=3/2y+-7/2

Y=2/3x+7/3

-4x+9y=27
X=9/4y+-27/4
Y=4/9y+3

Which one is bigger 7.4 or 7 2/5?

Answers

Answer:

None, They are Both Equal

Step-by-step explanation:

7 2/5 = 7.4

7.4 = 7.4

So, 7.4 = 7.4

Hence, none of them are bigger

Write the equation in standard form

Answers

Answer:

standard form: Ax + By = C

Slope-intercept form: y=mx+b

where m is the slope and b is the y intercept.

first lets put this into intercept form:

y=-5x+b

(4, 0) is the x intercept.)

To find what b is plug in the point 4, 0 for the x and y of the equation:

0=-5(4)+b

0=-20+b

20=b

b=20

Now that we have the slope, m, and the y intercept, b, we can make our equation

y=-5x+20

Now we need to transform this equation into standard form like so:

y=-5x+20

5x+y=20 - this is your answer

Step-by-step explanation:

GIVING BRAINLIEST!!!!!!!!!!!!!!!!!

Answers

Answer:

C. 36 degrees

Step-by-step explanation:

Exterior angles sum = 360 degrees

72+144=216

360-216=144

Supplementary angles(Angles on opposite sides of the transversal) sum = 180

180-144= 36

Therefore, x=36 degrees

¿ cuáles son los adjetivos? y ¿ cuáles son los adjetivos ? por favor es para hoy

Answers

Answer:

1) maldava y despota

2) pequenos

Step-by-step explanation:

Which is the better buy?
48-fluid-ounce container of laundry detergent for
$5.28
3-gallon container of laundry detergent for $34.56

Answers

Answer:

3-gallon container of laundry detergent for $34.56

Step-by-step explanation:

48-fluid-ounce container of laundry detergent for  $5.28

5.28 : 48 = 0.11

check your work:  0.11 x 48 = 5.28

so for the first offer you will be paying $0.11 per ounce of laundry detergent.

3-gallon container of laundry detergent for $34.56

1 gallon = 128 ounces

3 gallons = 384 ounces

34.56 : 384 = 0.09

check your work:  0.09 x 384 = 34.56

for the second offer you will be paying $0.09 per ounce of laundry detergent. 3-gallon container of laundry detergent for $34.56 is a better buy because you will be paying less for each ounce of detergent.

hope this helps!

Answer the two questions below. THANKS!!

Answers

Problem 1

We're given that angle A = angle B. Also that angle B = angle C.

By the transitive property, we can say angle A = angle C.

So basically all three angles are equal to one another. Let's call that unknown angle x.

For any triangle, the three angles always add to 180, so,

x+x+x = 180

3x = 180

x = 180/3

x = 60

That proves angles A,B, and C are each 60 degrees. This triangle is considered equiangular since all angles are the same. Furthermore, the triangle is also considered equilateral meaning all sides are the same. The term equilateral is more widely used, so I'd go with that term if you could only pick one.

==========================================================

Problem 2

As mentioned in problem 1, the three angles of a triangle add to 180

A+B+C = 180

A+B+90 = 180

A+B+90-90 = 180-90

A+B = 90

This shows A and B are complementary angles. Complementary angles by definition add to 90 degrees.

will make brainliest answer!!

If f(x) = 3x-2 and g(x) = 2x+1, find (f+g)(x)

A. x-3
B. x-1
C. 5x-1
D. 5x-3

Answers

Answer:

C. 5x - 1

Step-by-step explanation:

Givenf(x) = 3x-2 and g(x) = 2x+1To find (f+g)(x)Solution(f+g)(x) =f(x) + g(x) =3x - 2 + 2x + 1 =5x - 1

the slope of line is -1/3. what is an equation of a line that is perpendicular to line of t

Answers

if you mean -1/3x try using y=3x

Find n and r 10 pointssss

Answers

N is 10.6
And
R is 5.2

Complete the equation. Answer as a fraction in its simplest form. 9xy x (2/3x)^3=(__/__)x^4y

Answers

Answer:

Fill the blank with [tex]\frac{8}{3}[/tex]

Step-by-step explanation:

Given

[tex]9xy * (\frac{2}{3}x)^3 = (--/--)x^4y[/tex]

Required

Fill in the gaps

[tex]9xy * (\frac{2}{3}x)^3 = (--/--)x^4y[/tex]

Open Brackets

[tex]9xy * \frac{2^3}{3^3}x^3 = (--/--)x^4y[/tex]

[tex]9xy * \frac{8}{27}x^3 = (--/--)x^4y[/tex]

Multiply xy and x^3

[tex]9 * \frac{8}{27}x^4y = (--/--)x^4y[/tex]

[tex]\frac{9 * 8}{27}x^4y = (--/--)x^4y[/tex]

Divide fraction by 9/9

[tex]\frac{8}{3}x^4y = (--/--)x^4y[/tex]

By comparison, the blank will be filled with:

[tex]\frac{8}{3}[/tex]

Hence, the solution to the question is: [tex]9xy * (\frac{2}{3}x)^3 = \frac{8}{3}x^4y[/tex]

A parallelogram has a base of 9 units and a corresponding height of į units. What is its area?

Do not include units (square units) in your answer.

Answers

Answer:

[tex]Area = 9j[/tex]

Step-by-step explanation:

Given

[tex]Base = 9\ units[/tex]

[tex]Height = j\ units[/tex]

Required

Determine the area

Area of parallelogram is calculated as thus:

[tex]Area = base * Height[/tex]

Substitute values for Base and Height

[tex]Area = 9 * j[/tex]

[tex]Area = 9j[/tex]

Hence, the area of the parallelogram whose base is 9 units and height is j units, is 9j

2. Mr Alison fill ups his car at the gas station. He also gets a car wash at the station and visits with the manager, Then he drives to the next town on buisness

Which graph did you not choose for exercise 1 and 2?

Answers

Answer:

Hmm graph 3, i think.

Step-by-step explanation:

Use the distributive property to expand 0.05(50 + 40).

Answers

Answer:

4.5

Step-by-step explanation:

A bookcase has 5 of these bookshelves that are 42 inches long. How many FEET of shelf space is there? Explain your reasoning.

Answers

Answer:

17.5

Step-by-step explanation:

The first step is to convert one bookshelf into feet, so 42 divided by 12=\

3.5

Now, we have 5 of these shelves, so we have to do 3.5 x 5=17.5.

Johnny took a math test with 25 questions He answered 22 questions correctly in order to get an a he had to get 90% of them right. Did Johnny get an a on his math test?

Answers

Answer:

88%

Step-by-step explanation:

No Johnny boy did not

88% ...........................

Find two numbers that you can multiply to get a product of 0.56. 0.6 0.7 0.8 0.9 6 7 8 9

Answers

Answer:

0.7 and 0.8

Step-by-step explanation:

First you have to use your multiplication table, find out how much equals to 0.56 to make it easer just remove the zero and decimal point for example: 0.56 - 56 then divide it using all numbers. i divided it by 0.8 and is there that number yes and then i got 0.7 and that number is there too.

Help me ASAP pls. it means the world to me

Answers

I don’t see a picture
Can u take a better picture i cant see the full question

A random sample of size 1,000 is taken from a population where p = .20.

Find P( < .18).

A. .9429

B. .0571

C. .2643

D. .0793

Answers

The answer is
A: .9429 Z =.22-.20

The value of P( < 0.18) is 0.057.

What is p value?

The probability, for a particular statistical model, that the statistical summary would be equal to or more extreme than the actual observed results if the null hypothesis were true is known as the P value.

Given:

Sample Size = 1000

and, p= 0.20

So, P( P' < 0.18)

= P ( P'- P / √ P(1- P)/ n < 0.18 - 0.20 / √ 0.2 (1- 0.2)/ 1000 )

= P ( P'- P / √ P(1- P)/ n  < -0.02/ 0.0126)

=  P ( P'- P / √ P(1- P)/ n  < - 1.582)

= P( z < - 1.582)

= 0.056939

= 0.057

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f (x) = 20 - (1.27)
growth or decay ?

Answers

Answer:

Decay...? Read below

Step-by-step explanation:

Assuming you meant to put 20 - (1.27)x, it is decay. As the x increases, the y decreases, making it decay.

The mean score on a set of 16 tests is 90. What’s the sum of all the test scores?

Answers

It should be 90 because in question it says that

cruise ship wave 176 miles in 8 hours
18 miles per how

Answers

Answer:

22 mph

Step-by-step explanation:

blablablablablablablabla

Answer:

22 miles

Step-by-step explanation:

please have and great day and btw you are loved ok  have a great day byee!!

Find the distance between (6,4) and (-6,-5) by using the distance formula

Answers

Answer:

[tex]\boxed {d = 15}[/tex]

Step-by-step explanation:

Use the Distance Formula to help determine the distance between two given points:

[tex]d = \sqrt{(x_{2} - x_{1})^{2} + (y_{2} - y_{1})^{2}}[/tex]

First point: [tex](x_{1}, y_{1})[/tex]

Second point: [tex](x_{2}, y_{2})[/tex]

-Substitute both given points:

[tex](x_{1}, y_{1}) = (6, 4)[/tex]

[tex](x_{2}, y_{2}) = (-6, -5)[/tex]

[tex]d = \sqrt{(-6 - 6)^{2} + (-5 - 4)^{2}}[/tex]

-Solve for the distance:

[tex]d = \sqrt{(-6 - 6)^{2} + (-5 - 4)^{2}}[/tex]

[tex]d = \sqrt{(-12)^{2} + (-9)^{2}}[/tex]

[tex]d = \sqrt{144 + 81}[/tex]

[tex]d = \sqrt{225}[/tex]

[tex]\boxed {d = 15}[/tex]

Therefore, the distance is [tex]15[/tex].

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