9514 1404 393
Answer:
about $171,400
Step-by-step explanation:
William's total monthly debt is ...
$1012.84 +579.13 +250 +300 = 2141.97
On an annual basis, this is ...
12 × $2141.97 = $25,703.64
This will be 15% of (25703.64/0.15) = $171,357.60.
William's new annual salary should be about $171,400 to keep his debt ratio at the recommended 15%.
_____
<em>Additional comment</em>
A debt ratio of 15% is a pretty aggressive target. Most mortgage lenders like to see the "front end" ratio (housing expense) less than 28%, and the "back end" ratio (all debt) less than 36%.
Answer:
2/3 divided by 5/7
Step-by-step explanation:
2/3 divided by 5/7 equals 14/15
Answer:
15 = 7 + m
Step-by-step explanation:
If 15 is the total then it goes on the other side of the equal sign. You have one side so if you add it to the missing side it should equal 15.
Let current age be x, next we construct the inequalities for the age:
<span>Four-fifths of my current age is greater than three-quarters of my age one year from now.
</span>thus when we add 1 year to 3/4 of our current age and set the inequality
4x/5>3x/4+1......i
<span>Four-fifths of my current age is also greater than five-sixths of my age one year ago.
Thus when we subtract 1 from 5x/6 and set the inequality we get
4x/5>5x/6-1.......ii
solving the inequalities we obtain:
</span>4x/5>3x/4+1
x/20>1
hence multiplying both sides by 20 we obtain:
x>20
also
4x/5>5x/6-1
4x/5-5x/5>-1
-x/30>-1
multiplying both sides by 30 we get:
-x>-30
thus
x<30
therefore the possible values of my age will lie in the interval:
20<x<30
Thus our age is in the interval
(20,30)
