Answer:
$970 (limited by the back-end ratio)
Step-by-step explanation:
The front-end ratio limits housing-related expenses to ...
28% × $62,000 = $17,360
per year. So the amount that can be spent on mortgage debt is ...
$17,360 -3600 -360 = $13,400 . . . per year
___
The back-end ratio limits the total of all debt to ...
36% × $62,000 = $22,320
Subtracting payments already being made, we find the allowable additional annual debt to be ...
$22,320 -12·(335 +225) -3600 -360 = $11,640
This is a lower limit than that required by the front-end ratio. It limits the monthly house payment to ...
$11,640/12 = $970
<h3>
The coordinates of the point A is (3,5).</h3>
Step-by-step explanation:
Here, given the line segment is AC.
Let us assume the coordinates of the point A = (p,q)
The point M (0,5.5) is the mid point of line segment AC.
By<u> Mid-Point Formula:</u>
The coordinates of the mid point M of segment AC is given as:
So, the coordinates of the point A is (3,5)
Answer:
<em>y = 3x + 1</em>
Step-by-step explanation:
y = mx + b
The slope, or <em>m</em>, is 3.
The y-intercept, or <em>y</em>, is 1.
Plug them into the equation.
y = mx + b
<em>y = 3x + 1</em>
Answer:
$137.50
Step-by-step explanation:
11,000 x .15 (100-.85)=$1.650 amount she will have to pay annually.
$1,650/12months = $137.50 is minimum to save monthly.