You work for a lender that requires a 15% down payment and uses the standard debt-to-income ratio to determine a person's eligibility for a home loan. Of the following, choose the person that you would rate the highest on their eligibility for a home loan.
Person A
$95,000
$107,000
home value income savings recurring debt
$46,000
$53.000
$20,000
$13.910
$310
$198
Person C
$120,000
$58,000
$18.000
$265
Person D
$128.000
$60.000
$19,200
$400

Answers

Answer 1

Person B will be rated the highest on their eligibility for a home loan. The solution is obtained using debt-to-income ratio.

What is debt-to-income ratio?

Lenders use the debt-to-income (DTI) ratio, which measures what proportion of your gross monthly income is utilised to pay your debts each month, to assess your risk of borrowing.

Now, let's evaluate the debt-to-income ratio of all persons.

Person A

Home value= $95,000

Income= $46,000

Savings= $20,000

Recurring Debt= $310

Debt-to-income ratio = 310/46000 = 0.007

Person B

Home value= $107,000

Income= $53,000

Savings= $13,910

Recurring Debt= $198

Debt-to-income ratio = 198/53000 = 0.004

Person C

Home value= $120,000

Income= $58,000

Savings= $18,000

Recurring Debt= $265

Debt-to-income ratio = 265/58000 = 0.005

Person D

Home value= $128,000

Income= $60,000

Savings= $19,200

Recurring Debt= $400

Debt-to-income ratio = 400/60000 = 0.007

Hence, Person B will be rated the highest on their eligibility for a home loan because his debt-to-income ratio is the lowest.

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Related Questions

what is an equation in point-slope form of the line that passes through (-7, 1) and (-3, 9)

Answers

y - y1 = m(x - x1) Is the answer

[tex]{ \qquad\qquad\huge\underline{{\sf Answer}}} [/tex]

Here we go ~

First, calculate the slope of line joining points (-7 , 1) and (-3 , 9) :

[tex]\qquad \sf  \dashrightarrow \: m = \dfrac{y2 -y1 }{x2 - x1} [/tex]

[tex]\qquad \sf  \dashrightarrow \: m = \dfrac{9 - 1}{ - 3 - ( - 7)} [/tex]

[tex]\qquad \sf  \dashrightarrow \: m = \dfrac{8}{ - 3 + 7} [/tex]

[tex]\qquad \sf  \dashrightarrow \: m = \dfrac{8}{ 4} [/tex]

[tex]\qquad \sf  \dashrightarrow \: m = 2[/tex]

Slope of the line (m) = 2

Equation of line in point slope form :

[tex]\qquad \sf  \dashrightarrow \: y - y1 = m(x - x1)[/tex]

[ Put in the values ~ ]

[tex]\qquad \sf  \dashrightarrow \: y - 9 = 2(x - ( - 3))[/tex]

[tex]\qquad \sf  \dashrightarrow \: y - 9 = 2(x + 3)[/tex]

[ That's our required equation in point slope form ]

But it can be simplified further, it depends on it, if that's asked or not.

[tex]\qquad \sf  \dashrightarrow \: y - 9 = 2x + 6[/tex]

[tex]\qquad \sf  \dashrightarrow \: y = 2x + 6 + 9[/tex]

[tex]\qquad \sf  \dashrightarrow \: y = 2x + 15[/tex]

what is what is 490x160

Answers

Answer:78400

Step-by-step explanation:

Mrs. Jameson's math test scores are represented by the following data.

A number line depicts math test scores. The data points plotted are from 55 through 65, 65 through 78, 78 through 92, and 92 through 100.

Which of the following lists the lower quartile, median, and upper quartile (in that order)?

Answers

Answer: A quartile is a type of quantile that splits a data set into four equal parts. The first quartile (Q1) is also known as the lower quartile and is the value that separates the lowest 25% of the data from the rest. The second quartile (Q2) is also known as the median and is the value that separates the lowest 50% of the data from the highest 50%. The third quartile (Q3) is also known as the upper quartile and is the value that separates the lowest 75% of the data from the highest 25%.

In this case, the lower quartile (Q1) is 65, the median is 78, and the upper quartile (Q3) is 92.

Step-by-step explanation:

how is evaluating an expression with fractions like evaluating an expression with whole numbers? how is it different?

Answers

When we write a number in fraction with denominator 1, then we evaluate an expression with fractions like evaluating an expression with whole numbers.

But when we write a fraction with denominator other that 0 and 1, then we evaluate an expression with fractions is different from evaluating an expression with whole numbers.

What is an expression?

Mathematical expression is defined as the collection of the numbers variables and functions by using operations like addition, subtraction, multiplication, and division.

Here, We know that;

To evaluating an expression with fractions like evaluating an expression with whole numbers is possible only when we write a number in fraction with denominator 1.

And, To evaluating an expression with fractions is different from evaluating an expression with whole numbers is possible only when we write a number in fraction with denominator other that 0 and 1.

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1. Find the measure of each acute angle:
2x
X+12
2. Find the measure of x, y, and z:
35°
31°
yo
70°
N

Answers

Acute angles can be measured with the help of a protractor.

Find the measure of x, y, and z?

The angles 2x x+2 =180°

2x+x+2=180°

3x+2=180°

3x=180-2

3x=178

x=178/2

X=88

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For what value of k the following pair of linear equations has unique solution?

Answers

The value of k is 6.

The condition of the unique solution is

a1/a2[tex]\neq[/tex]b1/b2

Here a1=4,b1=k,a2=2,b2=3

4/2=k/3

k=6

The value of k is 6.

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The correct  question is below:

Find the value of k such that the following pair of linear equations has a unique solution.

4x+ky+8=0;          2x+3y+7=0

Triangle A B C. Angle C is 90 degrees. Hypotenuse side A B is c, C B is a, C A is b.
Solve the right triangle shown in the figure. Remember, exact lengths can be approximated on a calculator. For example, StartRoot 3 EndRoot almost-equals 1.732.

Angle A = 30 degrees, side B C = 12 feet, angle C = 90 degrees

a.
Angle B = 60 degrees, Side A C = 24 feet, Side A B almost-equals 20.784 feet
b.
Angle B = 60 degrees, Side A C = 24 feet, Side A B almost-equals 10.392 feet
c.

Angle B = 60 degrees, Side A C almost-equals 10.392 feet, Side A B = 24 feet
d. Angle B = 60 degrees, Side A C almost-equals 20.784 feet, Side A B = 24 feet
See picture.....

Answers

The figure has an image of right triangle and the dimensions are solved to get

d. Angle B = 60 degrees, Side A C almost-equals 20.784 feet, Side A B = 24 feet

How to determine the sides of the right triangle

The right triangle's sides are solved using SOH CAH TOA

Sin = opposite / hypotenuse - SOH

Cos = adjacent / hypotenuse - CAH

Tan = opposite / adjacent - TOA

From the question it can be deduced that

opposite = 12 ft

adjacent = b

hypotenuse = c

Using tan, TOA the adjacent is solved

tan 30 = Opposite / Adjacent

tan 30 = b / 12 ft

b = 12 / tan 30

b = AC = 20.784 ft

The hypotenuse is calculated using cos, CAH

cos 30 = Adjacent / hypotenuse

cos 30 = 20.784 / c

c = 20.784 / cos 30

c = AB = 24 ft

< A + < B + < C = 180 (angles in a triangle)

30 + < B + 90 = 180

< B = 60

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What type of graph is x =- 2?

Answers

The type of graph of x = -2 is a vertical line.

Equations of the form x = a, where a is a constant, are represented by vertical lines, and the x-coordinate of that line is the value of a. Similarly, the equations of the form y = b, where b is a constant, are represented by horizontal lines and the y-coordinate of that line is the value of b.

x = -2 is a vertical line, the graph of this equation is a line that goes vertically through the point (-2,0) and extends infinitely in the upward and downward direction.

It is worth to note that if you want to graph an equation like x = -2 or y = -2, you only need to plot the point that satisfies the equation, and then extend that point infinitely in the direction of the other variable.

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What is the equation of the line that passes through the points (36,-30) and (-12,34).

Answers

The equation of the line that passes through the points (36,-30) and (-12,34) is  y = - 4 / 3 x + 18.

How to find the equation of a line?

The equation of a line can be represented in slope intercept form as follows:

y = mx + b

where

m = slope of the lineb = y-intercept

Therefore, let's find the equation of the line  that passes through the points (36, -30) and (-12, 34).

Hence, the slope can be found as follow:

slope = y₂ - y₁ / x₂ - x₁

slope = 34 + 30 / -12 - 36

slope = 64 / -48

slope = - 8 / 6 = - 4 / 3

Therefore, let's find the y-intercept of the line using (-12, 34)

y = - 4 / 3 x + b

34 = - 4 / 3 (-12) + b

34 = 16 + b

b = 34 - 16

b = 18

Therefore, the equation is y = - 4 / 3 x + 18.

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What is the equation of the kind that passes through the point (3,-8) and has a slope of -4/3?

Answers

Answer:

[tex]y=-\frac{4}{3} + 2[/tex]

Step-by-step explanation:

[tex]y=mx+b\\(-8)=-(\frac{4}{3} )(3)+b\\-8=-4 +b\\2=b\\y=-\frac{4}{3} + 2[/tex]

Need Help!

In parallelogram ABCD, what is the relationship between angle a° and angle b°?
a° = b°
a° + b° = 180°
a° = -b°
a° - b° = 180°

Answers

The relationship between consecutive angles a and b is a° + b° = 180°

What is a parallelogram?

A quadrilateral is a polygon that has four sides and four angles. Types of quadrilaterals are square, rectangle, parallelogram, kite etc.

A parallelogram is a quadrilateral in which opposite sites are equal and parallel to each other. All the angles sum up to 360 degrees and the diagonals bisect each other.

The opposite angles of a parallelogram are equal to each other while the consecutive angles are supplementary. Also, the perimeter is gotten by adding all the individual sides

a° + b° = 180° (consecutive angles)

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Can you help with my math problem

Answers

Answer:

Step-by-step explanation:

What you can do in this case is the following rule of three to find the result:

1 light year ---> 5.88 * 10 ^ 12 miles

3.2 * 10 ^ 2 light year ---> x

Clearing x we have:

x = ((3.2 * 10 ^ 2) / (1)) * (5.88 * 10 ^ 12)

x = 1.88 * 10 ^ 15 miles

answer:

In scientific notation, approximately it is 1.88 * 10 ^ 15 miles

What is the multiplicative inverse of − 2 3?

Answers

2 and 3 has a multiplicative inverse of -3 and 2, which is 2. A number that, when multiplied by the inputted number, produces the result 1 is said to be the multiplicative inverse of that number.

What is the meaning of multiplicative inverse?

When a number is multiplied by another, the result is 1, this is known as the multiplicative inverse of the original number . It is the reciprocal of a number per multiplicative inverse definition. A-1 or is used to denote the multiplicative inverse of a number "a".

According to the multiplicative inverse property, a multiplies with its reciprocal, 1/a, to get 1, for any number a. It follows that 1/a is a number's multiplicative inverse. The multiplicative inverse of 5, when applied to the integer 5, is 1/5, according to this characteristic. Dividing 1 by a real number yields the multiplicative inverse of that number. One fifth (1/5, or 0.2) and one-quarter (0.25, or 1 divided by 0.25, respectively) are examples of reciprocals.

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Solve the following equation by first writing the equation in the form a x squared = c: 3 a squared minus 21 = 27.

Answers

The value of the variable 'a' by solving the given equation 3a²- 21 = 27 is given by :

option B. a = plus or minus 4.

As given in the question,

Given equation is equal to :

3a²- 21 = 27

Express the given equation in the given form of ax² =c which is equal to :

3a²- 21 = 27

Add 21 on both the side of the equation we get,

⇒3a² -21 + 21 = 27 + 21

⇒ 3a² = 48

Now divide both the side by 3 we get,

⇒ 3a² / 3 = 48 / 3

⇒ a² = 16

Take square root both the side we have,

⇒ a = √ 16

⇒ a = ± 4

Therefore , the solution of the given equation 3a²- 21 = 27  is  given by :

option B. a = ±4.

The above question is incomplete, the complete question is:

Solve the following equation by first writing the equation in the form

ax² =c

3a²- 21 = 27

A. a = 4

B. a = plus-or-minus 4

C. a = plus-or-minus 16

D. a = 16

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What is the GCF of 30 and 54

Answers

Answer: 6

Step-by-step explanation:

    GCF is the greatest common factor of both values. First, we will list all factors of both numbers. Then, we will find the largest number that overlaps between both.

30 ➜ 1, 2, 3, 5, 6, 10, 15 and 30

54 ➜ 1, 2, 3, 6, 9, 18, 27 and 54

    The greatest common factor (GCF) is 6.

Answer:

the GCF of 30 and 54 is 6

Step-by-step explanation:

The greatest common factor (GCF) of two numbers can be found using the following steps:

List the prime factorization of both numbers.Identify the common factors among the lists.Multiply the common factors to find the GCF.

For 30 and 54:

Prime factorization:

[tex]\sf:\implies{30 = 2 \times 3 \times 5}[/tex]

[tex]\sf:\implies{54 = 2 \times 3 \times 3 \times 3}[/tex]

Common factors:

[tex]\sf:\implies{2 \: and \: 3 }[/tex]

Multiply the common factors:

[tex]\sf:\implies{GCF = 2 \times 3 = 6}[/tex]

Therefore, the GCF of 30 and 54 is 6.

help help help help help help help help

Answers

They will be at same altitude is 171 minutes when their altitude will be 24300 feet.

How to illustrate the equation?

It should be noted that an equation simply has to do with the statement that illustrates the variables given. In this case, it is vital to note that two or more components are considered in order to be able to describe the scenario.

Based on the information, to calculate the period when the airplane will be at same altitude will be:

51300 - 3000m = 2700m

Collect the like terms

-3000m - 2700m = -51300

-5700m = -51300

Divide

m = 51300 / 5700

m = 9

The number of minutes will be 9 minutes

The altitude will be:

= 2700m

= 2700 × 9

= 24300 feet

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A circular placemat has 44 inches of braid around the edge. What is the area of the placemat to the nearest square inch? Use 3. 14 for π

Answers

So, the area of the placemat is 155 square inches.

To find the area of the circular placemat, we can use the formula for the area of a circle, which is πr^2, where r is the radius of the circle.

We know that the placemat has 44 inches of braid around the edge, which represents the circumference of the circle. We can use the formula for circumference of a circle which is C = 2πr.

By substituting the value of C = 44 inches

C = 2πr

44 = 2πr

r = 44/(2π)

Now we have the value of the radius, we can substitute it into the formula of the area of a circle

A = πr^2

A = π(44/(2π))^2

A = (44^2)/(4π)

A = (1936)/(12.56) = 154.8 square inches

To the nearest square inch, the area of the placemat is 155 square inches.

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k/6.3 + 99.8 = 55.9
The solution is k =

Answers

The solution is k = -257.57

What is simplification?

Simplifying procedures is one way to achieve uniformity in work efforts, expenses, and time. It reduces diversity and variety that is pointless, harmful, or unnecessary.

Here, we have

Given: k/6.3 + 99.8 = 55.9

We have to find the solution to k.

By applying simplification in the given equation we get the solution to k

k/6.3 + 99.8 = 55.9

k + 99.8 × 6.3 =  55.9 × 6.3

k + 628.74 = 352.17

k = 352.17 - 628.74

k = 276.57

Hence, the solution is k = 276.57.

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A new car costs $18,000. It is expected to depreciate at an average rate of 12% per year. Find the value of the car in 8 years

Answers

The value of the car in 8 years after it has depreciated is $8,348.

To find the value of the car in 8 years, we can use the formula for the future value of a depreciating asset:

future value = original value * (1 - rate of depreciation)^number of years

In this case, the original value is $18,000, the rate of depreciation is 12% per year (or 0.12), and the number of years is 8. Plugging these values into the formula, we get:

future value = 18,000 * (1 - 0.12)^8

future value = 18,000 * 0.4630

future value = $8,348

So the value of the car in 8 years is $8,348.

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the starting numbers pattrens for x and y

Answers

You need to take a picture of the question for us/me to help you (:

James, Priya, and Siobhan work in a grocery store. James makes $7.00 per hour. Priya makes 40% more than James, and Siobhan makes 15% less than Priya. How much does Siobhan make per hour?

Answers

The total amount with Siobhan is given by the equation S = $ 8.33

What is an Equation?

Equations are mathematical statements with two algebraic expressions flanking the equals (=) sign on either side.

It demonstrates the equality of the relationship between the expressions printed on the left and right sides.

Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are some of the components of an equation. The "=" sign and terms on both sides must always be present when writing an equation.

Given data ,

Let the amount with Siobhan be represented as S

Let the amount with Priya be represented as P

Let the amount with James be J = $ 7.00

And , Priya makes 40% more than James

So , P = ( 40 / 100 ) x P + P

Substituting the values in the equation , we get

The amount with P = ( 0.40 ) ( 7 ) + 7

The amount with Priya P = 2.8 + 7

The amount with Priya P = $ 9.80

Now ,

Siobhan makes 15% less than Priya

So , the amount with Siobhan S = P - ( 15/100 )P

Substituting the values in the equation , we get

The amount with Siobhan S = 9.80 - ( 0.15 )( 9.80 )

On simplifying the equation , we get

The amount with Siobhan S = 9.80 - 1.47

The amount with Siobhan S = $ 8.33

Hence , the amount with Siobhan is $ 8.33

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Find the perimeter of triangle ABC
(Look at the picture )

Answers

A triangle's perimeter is determined by the sum of its three sides. The perimeter of triangle is 16

What is the perimeter of ∆ ABC?

Sum of the three sides determines a triangle's perimeter.Additionally, the units used to measure the lengths of a triangle's sides and perimeter are the same.If the sides of it have lengths that are measured in various units, convert them to that unit first.

The lengths of all four side edges must be added up in order to determine the rectangle's perimeter.Since there are two of each side length, it is easy to accomplish this by simply multiplying the sum of the length and width by two.

(Length + Width)2 is the perimeter calculation formula.

The perimeter is the sum of the lengths of all sides.

Using the distance formula, determine the lengths of the sides:

d  = √ ( x2 - x1 ) ² + ( y2 - y1 )²

A = ( -3 ,0 ) , B= (0,4) C= (3,0)

AB = √ (0 - (-3)² + ( 4 - 0) ² = √ 25 =5\sAC = √ ( 3 (-3)²+ (0 -0)²  = √6² = 6

BC √ (3-0)² +(0 - 4) ² =  √ 25 =5

P = ( AB) + (AC)+ (BC) = 5+ 6+5

= 16

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Answer: the perimeter is 16

Adrian is going to invest in an account paying an interest rate of 6. 5% compounded

quarterly. How much would Adrian need to invest, to the nearest hundred dollars,

for the value of the account to reach $3,900 in 14 years?

Answers

Adrian need to invest $2041.88,  to the nearest hundred dollars for the value of the account to reach $3900 in 14 years.

Let principal amount is x

And interest is y

Then, according to question

X + y = 3900    --------------eq(1)

and formula of interest

I = (P*t*R)/ 100

Y = (x * 14 * 6.5) / 100   ----------------------eq(2)

3900 – x = (x * 14 * 6.5) / 100  from eq(1) and eq(2)

390000 – 100x = 91x

191x = 390000

X = 2041.88

So, therefore principal amount = $2041.88

and interest = $1858.12

You can earn interest on interest by using compound interest. Compound interest is interest that is earned on both the initial principal and interest that builds up over time in a savings account.

You get interest based on the amount you deposit when you add money to a savings account or other account of a similar nature. For instance, if you deposit $1,000 in an account that offers 1% yearly interest, after a year you would have received $10 in interest.

There may be a difference in the timing of when interest is paid out and compounded. For instance, interest on a savings account may be paid monthly but compounded daily. The account balance plus any interest that has accrued but has not yet been paid out are used by the bank to determine your daily interest earnings.

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h= -16t^2+24t+5
find the maximum height (represented by h)
and if the thrown object was caught 5 ft in the air, how long was it in the air? (seconds)

Answers

Answer:

The maximum height = 14 ft, and the time caught at 5 ft high = 1.5 seconds

Step-by-step explanation:

Used desmos.

What are the 6 trigonometric functions and their definitions?

Answers

The six trigonometric functions are sine (sin), cosine (cos), tangent (tan), cotangent (cot), cosecant (cosec), and secant (sec).

Trigonometric Ratios are defined as the values of all the trigonometric functions based on the value of the ratio of sides in a right-angled triangle. The trigonometric ratios of any acute angle are the ratios of the sides of a right-angled triangle with respect to that acute angle.

sine: Sine of an angle is defined as the ratio of the side opposite(perpendicular side) to that angle to the hypotenuse.

cosine: Cosine of an angle is defined as the ratio of the side adjacent to that angle to the hypotenuse.

tangent: Tangent of an angle is defined as the ratio of the side opposite to that angle to the side adjacent to that angle.

cosecant: Cosecant is a multiplicative inverse of sine.

secant: Secant is a multiplicative inverse of cosine.

cotangent: Cotangent is the multiplicative inverse of the tangent.

Thus, The six trigonometric functions are sine (sin), cosine (cos), tangent (tan), cotangent (cot), cosecant (cosec), and secant (sec).

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mike wants to find out the approximate income for professors in michigan. he decides to randomly select 50 professors who work for a college or university in michigan and obtain their salaries. what are the sample and the population of mike's study?

Answers

In Mike's study, the sample is the group of 50 randomly selected professors from colleges or universities in Michigan that he is obtaining salary information from.

The sample is a smaller representative group of the larger population, which in this case is all the professors who work for colleges or universities in Michigan. The population is the group of individuals or objects that the researcher is interested in studying. In this case, the population is the group of all professors in Michigan and their salaries. The goal of the study is to make inferences about the population based on the sample data.

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How do you factor an equation with 5 terms?

Answers

The steps to factor an equation with 5 terms is explained below.

In math the definition of equation is written as a mathematical statement that shows that two mathematical expressions are equal

Basically the equation with five terms in polynomial is known as Monomial.

The steps to factorize the monomial is explained below.

Here the very first steps is to factor By Grouping With 5 Terms

Then we have to take the common terms out of it, then factor out the GCF of the entire expression.

Then split the terms and it must be in the form of quadratic expression, and then use the quadratic formula to factor out the terms.

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How do you find the distance between two coordinates given three points?

Answers

When the line is perpendicular to either the y-axis or the x-axis, the absolute value will be preferred above the distance coordinate formula.

How can I calculate the separation between two coordinates?

The formula used to calculate the separation between two coordinates is commonly represented as;

D = √[(x₂ - x₁)² + (y₂ - y₁)²]

Now, this formula is particularly helpful when the line is parallel to either the y axis or the x axis and the two coordinates do not have identical x or y coordinates.

It is important to remember that opposites have the same distance from zero whether the line is parallel to either the y or the x axis when one coordinate is negative and the other is positive.

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the price of a stove is s dollars. Pedro makes 10% down payment for a two year installment purchase. The monthly payment is m dollars. Express the finance charge algebraically.

Answers

The finance charge is. s= 80/3 m.

What is algebra?

A branch of mathematics known as algebra deals with symbols and the mathematical operations performed on them.

Variables are the name given to these symbols because they lack set values.

In order to determine the values, these symbols are also subjected to various addition, subtraction, multiplication, and division arithmetic operations.

Given:

The price of a stove is s dollars.

Pedro makes 10% down payment for a two year installment purchase.

The monthly payment is m dollars.

Also, 2 years= 24 month

Then, the finance charge is

s x(1- 10%) / 24 = m

m= s ( 1- 0.10) / 24

24m = 0.9s

s= 24m/ 0.9

s= 80/3 m

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What is the hypotenuse of a right triangle with legs 8 units and 15 units?

Answers

The hypotenuse is 17 units.

Pythagoras theorem states that “In a right-angled triangle,  the square of the hypotenuse side is equal to the sum of squares of the other two sides“.

The hypotenuse of a right triangle can be found using the Pythagorean theorem which states that in a right triangle, the square of the length of the hypotenuse is equal to the sum of the squares of the lengths of the other two sides (legs).

So the hypotenuse of a right triangle with legs 8 units and 15 units can be found by:

c = √(a² + b²)

Where c is the hypotenuse and a and b are the legs of the triangle.

c = √(8² + 15²) = √(64 + 225) = √289 = 17

So the hypotenuse of a right triangle with legs 8 units and 15 units is 17 units.

To learn more about pythagorean theorem visit: brainly.com/question/343682

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