The no child left behind act of 2001 resulted in public schools:

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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2 years ago

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When discussing people impacted by Hurricane Katrina, we easily fall victim to – because the – are that those who evacuated befo

ExtremeBDS [4]

Answer:

Fundamental attribution error; Responsible; Foolish

Explanation:

The fundamental attribution error is our tendency to explain someone's behavior based on internal factors, such as personality or disposition, and to underestimate the influence that external factors, such as situational influences, have on another person's behavior.

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4 years ago

Which presidential election can be fairly characterized as the start of Republican activism in Texas?

Galina-37 [17]

Answer:

1960 is the answer

Explanation:

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3 years ago

Based on research by Howell, unethical charismatic leaders are also called ________, while ethical charismatic leaders are also

Allisa [31]

Answer:

1. Personalized.

2. Socialized.

Explanation:

This is because, according to Howell, unethical charismatic leader focuses on personal goals, values and belief, rather than organizational goals, while the ethical charismatic leader focuses on satisfying the organizational and their followers' goals.

Hence, based on research by Howell, unethical charismatic leaders are also called PERSONALIZED, while ethical charismatic leaders are also called SOCIALIZED.

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3 years ago

What sport was invented as a way to keep athletes in shape during the winter months?

Naily [24]

The answer is softball.

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4 years ago

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