According to financial advisers,
<span>* mortgage payment should be at most </span><span>28% of your gross monthly income
</span><span>* total monthly debt should be at most </span><span>36% of your gross monthly income. Total monthly debts include </span><span>mortgage payments, car payments, credit card bills,
student loans, and medical debt.\</span>
<span>gross annual income: 39,600</span>
gross monthly income: 39,600 / 12 = 3,300
a) maximum amount for monthly mortgage payment: 3,300 x 28% = 924
b) maximum amount for total credit obligations: 3,300 x 36% = 1,188
c) mortgage: 924 x 70% = 646.80 actual mortgage
1,188 - 646.80 = 541.20 maximum amount they could spend each month for all other debts.
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Answer:
Find a line which also has 3/4 as the slope or 3x - 4y in standard form.
Step-by-step explanation:
If the line is 3x - 4y = 1 then the line which is parallel will have the same coefficients of x and y. Parallel lines never cross and to ensure this have the same slope. The slope is a ratio which can be solved for in an equation using the coefficients of x and y. Here the slope is:
3x - 4y = 1
-4y = -3x + 1
y = 3/4x - 1/4.
Find a line which also has 3/4 as the slope or 3x - 4y in standard form.
you would show the long division
