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guajiro [1.7K]
3 years ago
9

Usha and Parker have a combined monthly net income of $4,500. They both chip in to pay their $675 rent each month. They also hav

e one outstanding student loan balance of $6,280 and recently added a balance of $1,700 to their shared debt for the laptop they bought last month. How much more debt can Usha and Parker take on and still be within recommended limit?
Mathematics
1 answer:
Shalnov [3]3 years ago
5 0
Usha and Parker should not take another debt to their current situation because their debt to income ratio (DIR) has exceeded the Basic Qualified Mortgage DIR for the common benchmark. The qualified mortgage debt to income ratio is 43% and Usha and Parker debt to income ratio is 47.9%. Debt to income ratio is calculated by dividing total personal debt with net income.
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Y-24=-7 i also need to be able to show my work and make sure its correct
german

All you have to do is add 24 to both sides and you will get y.  You add 24 so that it will cancel from one side but be added to the other.  


The answer is y=17.


Hope this helps!

5 0
3 years ago
Allie deposited $80 in a savings account earning 10% interest, compounded annually. To the nearest cent, how much will she have
77julia77 [94]

Answer: $96.8

Step-by-step explanation:

Formular for Compounding annually :

A =P ( 1 + r/n) ^nt

Where p is the Principal given as $80

r is the rate given as 10% = 10/100 = 0.1

n is the number of times the principal was compounded, given as 1

t is the time, given as 2 years:

Slot the values into the formula:

A= $80 ( 1 + 0.1/1) ^ (1 × 2)

A= $80 ( 1 + 0.1) ^2

A= $80 ( 1.1) ^2

A= $80 (1.21)

A= $80 x 1.21

A= $96.8

96.8 is already rounded to the nearest cent.

5 0
4 years ago
A rectangular prism that’s sides are all the same size is a cube. True or false?
matrenka [14]
This is true. next one pls
4 0
4 years ago
Read 2 more answers
Ali and Bruno both run the 400 meter dash for their track team. Their coach frequently records their finishing times (in seconds
sergey [27]

Answer:

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Step-by-step explanation:

5 0
3 years ago
Multiplying desimals​
kolezko [41]

Answer:

Line up the numbers on the right - do not align the decimal points.

Starting on the right, multiply each digit in the top number by each digit in the bottom number, just as with whole numbers.

Add the products.

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
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