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KonstantinChe [14]
4 years ago
12

A borrower earns $8,000/month and makes credit card and car note payments of $900. A conventional lender requires a 30% income r

atio. What monthly amount for housing expenses (principal, interest, taxes, insurance) will the lender allow this person to have in order to qualify for a conventional mortgage loan?
Mathematics
1 answer:
Pavlova-9 [17]4 years ago
5 0
Answer: The lendor will allow for $1500 for the housing expenses.

This lendor is allowing 30% for the debt. So, we start by multiplying 8000 times 0.3 which equals 2400.

However, we have to subtract the current debts of 900.
2400 - 900 = 1500
You might be interested in
If f(x) = x² – 5, evaluate: f(x+h)-f(x)/<br> h
Likurg_2 [28]

The first derivative of the function f(x) = x² - 5 is equal to f'(x) = 2 · x.

<h3>How to find the derivative of a quadratic equation by definition of derivative</h3>

In this question we have a quadratic function, in which we must make use of the definition of derivative to find the expression of its first derivative. Then, the procedure is shown below:

f(x) = x² - 5                                         Given

f' = [(x + h)² - 5 - x² + 5] / h                Definition of derivative

(x² + 2 · x · h + h² - 5 - x² + 5) / h       Perfect square trinomial

(2 · x · h + h²) / h                                Associative, commutative and modulative properties / Existence of additive inverse

2 · x + h                                              Distributive, commutative and associative properties / Definition of division / Existence of multiplicative inverse

2 · x                                                     h = 0 / Result

The first derivative of the function f(x) = x² - 5 is equal to f'(x) = 2 · x.

To learn more on derivatives: brainly.com/question/25324584

#SPJ1

6 0
2 years ago
6÷2(1+2)= _____ whats the answer to this
GalinKa [24]

Answer:

9

Step-by-step explanation:

You do parenthesis first so 1+2=3

Then you do division 6 divided by 2=3

Then you will multiply 3 by 3 so 9

This is known as pemdas

P=parenthesis

E=exponents

MD=multiplication and division you do it left to right so if division is in front of multiplication then you do division

As=Addition and subtraction is also left to right

8 0
2 years ago
Read 2 more answers
Help please.........
Ksenya-84 [330]

Answer: 36000

Step-by-step explanation:

try looking it up lol

6 0
3 years ago
Hannah ran 200 feet during recess. Juanita ran 350 feet during recess. In yards, how much further did Juanita run than Hannah?
ss7ja [257]

Juanita ran 240 feet than Hannah

8 0
3 years ago
Given m varies directly with n and m = 6 when n = 5. what is the value of n when m = 12?
Rashid [163]

Answer:

n = 10

Step-by-step explanation:

given m varies directly as n then the equation relating them is

m = kn ← k is the constant of variation

to find k use the condition m = 6 when n = 5

6 = 5k ( divide both sides by 5 )

k = \frac{6}{5} = 1.2

m = 1.2n ← equation of variation

when m = 12 , then

12 = 1.2n ( divide both sides by 1.2 )

10 = n

7 0
2 years ago
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