What do you mean by political interference? Explain.

You work for a lender that requires a 20% down payment and uses the standard debt-to-income ratio to determine

ratelena [41]

According to the standard debt-to-income ratio, the person who would be rated as highest in respect of eligibility for a home loan is person C.

A home loan is an amount that has been lent for the acquisition or purchase of any house. or apartment for living.

Given values:

Persons Monthly Incomes Recurring debts

Person A $4,250 ($51,000 / 12) $350

Person B $4,833 ($58,000 / 12) $250

Person C $5,250 ($63,000 / 12) $200

Person D $5,583 ($67,000 / 12) $450

Step-1 Computation of debt-to-income ratio of person A:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$350}{\$4,250}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=8.23\%$

Step-2 Computation of debt-to-income ratio of person B:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$250}{\$4,833}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=5.18\%$

Step-3 Computation of debt-to-income ratio of person C:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$200}{\$5,250}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=3.80\%$

Step-4 Computation of debt-to-income ratio of person D:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$450}{\$5,583}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=8.06\%$

Therefore, after finding debt to income ratios of all persons, the lowest ratio comes out to be of Person C at 3.80% which ranked to be the highest.

Learn more about the debt ratio in the related link:

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8 0

2 years ago

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6

never [62]

A balance as it measures mass

5 0

3 years ago

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Political philosophies helped shape the foundations of American government. Many strongly believed that government should be in

mario62 [17]

The question asks, "What is YOUR philosophy?" I can't really tell you what YOU should think ... but I can present for you the ideas of a couple different political philosophers who took opposing stands on the issue.

Thomas Hobbes and John Locke were both English philosophers who wrote during the 17th century.

Hobbes published a famous work called Leviathan in 1651. The title "Leviathan" comes from a biblical word for a great and mighty beast. Hobbes believed government is formed by people for the sake of their personal security and stability in society. In Hobbes view, once the people put a king (or other leader in power), then that leader needs to have supreme power (like a great and mighty beast). The people are too divided and too volatile as individuals -- everyone looking out for his own interests. So for security and stability, authority and the power of the law needs to be in the hands of a powerful ruler like a king or queen. That was Hobbes' view.

John Locke famously published Two Treatises on Civil Government in 1690. According to Locke's view, a government's power to govern comes from the consent of the people themselves -- those who are to be governed. This was a change from the previous ideas of "divine right monarchy" -- that a king ruled because God appointed him to be the ruler. Locke repudiated the views of divine right monarchy in his First Treatise on Civil Government. In his Second Treatise on Civil Government, Locke argued for the rights of the people to create their own governments according to their own desires and for the sake of protecting their own life, liberty, and property. Locke always favored the people remaining in charge, and asserted that the people have the power to change their government and remove government leaders if the government is not properly serving the needs and well-being of the people.

As you write your own answer to this question for your class, you will want to decide, perhaps, if you agree more with Hobbes, that security and stability are most important ... or with Locke, that the authority and liberty of the people are always paramount.

5 0

3 years ago

One way to potentially increase the number of items we can remember by merging them into meaningful units is known as:________

swat32

One way to potentially increase the number of items we can remember by merging them into meaningful units is known as chunking.

A technique connected to cognitive psychology is chunking. The chunking procedure involves breaking down each individual component of a certain collection of information before grouping them into a coherent and meaningful whole. This has a favorable impact on the ability to process information.

Chunking is a memory-enhancing method. A mnemonic technique is a method that a person might employ to enhance their memory. Simply said, it's a shortcut that enables people to associate the information to be remembered with a phrase, word, or other memory aid.

By breaking knowledge up into smaller chunks, chunking is used to help people recall it in the short term. As a result, the human working memory's constrained store capacity is disregarded. A chunk, also known as a piece, is a grouping and storage of fundamental units in long-term memory.

Learn more about chunking here:

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1 year ago

Running for office is a good example of going above and beyond as a good citizen? True or False

Jobisdone [24]

Answer:

true

Explanation:

it is true because the more you keep doing this as a good citizen you are pushing away the bad people

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2 years ago

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