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3 years ago

How much can i spend on a house if i make 100k a year?

1 answer:

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There is not one single correct answer to this question as it all depends on your other expenses like if you are having a car loan or any leftover education loan and other factors which affects your credit rating but to give you a general idea A traditional starting point is to shop for homes with a purchase price equal to two-and-a-half times your salary so about $250,000 Although $250,000 is a very realistic starting point, it may seem low to some people, especially those living in cities with higher home prices. Some experts suggest that you can afford a mortgage payment as high as 28% of your gross income. According to that estimation , annual salary of $100,000 can afford a monthly payment of about $2,300/month. That could translate to a $450,000 loan, assuming a 4.5% 30-year fixed rate. So check your other expenses and credit rating before deciding what you want and what you need.

You might be interested in

The law of variability says that "the greater the random variability either demanded of the process or inherent in the process

Aneli [31]

Answer:

C. the less productive the process is.

Explanation:

Variability refers to the property when the given substance are highly probable to change and that the results accordingly change.

In that condition there is no drawn pattern for such change, as it might or might not change according to the expected scale and level.

In this, if there is high variability, then the results can be that the resulting process will be least productive, as there are so many uncontrollable changes.

Accordingly, since no proper management of the related process is possible, the results will not be productive.

6 0

3 years ago

A company borrowed $10,000 from the bank at 5% interest. The loan has been outstanding for 45 days. Demonstrate the required adj

baherus [9]

Answer:

The required adjusting entry would be to debit the Interest expense account and credit the Interest payable account.

Explanation:

The number of days that a loan debt stays unpaid is referred to as the outstanding number of days.

In line with the general accounting rules, all expenses must be debited. Therefore, the interest expense has to be debited.

Interest payable, however, is the amount owed to a lender by a firm and is thus credited as the matching journal entry to the interest expense.

Therefore, we have:

The required adjusting entry would be to debit the Interest expense account and credit the Interest payable account.

6 0

3 years ago

( b ) explain five circumstances under which a high population growth may be desirable

statuscvo [17]

Answer:

There is a need to increase the demand in market for both goods and services.

There is a need to attract foreign investors

As societies modernize, mortality rates fall while birth rates remain high leading to high population growth rates.

Higher population growth may be beneficial in high-income countries where there is currently a tendency for population growth rates to decline

Development in agriculture, better techniques to grow more and better quality food. Food available at all the times due to better storage conditions. So people do not die of starvation when food is not available.

Explanation:

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2 years ago

If we assigned three people to work with you on a complex project containing 75 tasks that you were responsible for, how would y

Anni [7]

First of all, I will try to get to know people who were assigned to me. as I will have 75 tasks and equality is very important to me, I will give each person 25 task. if they will have some problems with given task I will try to help them or change their tasks so they can be more comfortable with their work. As a leader, i will do work as well, if my team will have some problems i will listen to them and solve those problems together.

3 0

3 years ago

들 (a) What are the entrepreneurial opportunities you can find in retail sector in india?

dexar [7]

Answer:

It generates huge employment opportunities. This has changed the face of retailing in India. As the sector is booming in India, a career in retail sector is promising a growth potential for the ambitious youngsters.

The candidates are trained in supply chain management, finance management, marketing information, electronic retailing, marketing and business communication, customer relationship etc. With rapidly expanding departmental stores and huge shopping malls, plenty of job opportunities are opening all over India.

Sales and related jobs

Store manager

Visual merchandiser

Regional sales manager

Finance and accounting

Explanation:

Hope it helps

8 0

3 years ago