The maximum mortgage payment allowed for someone with an annual salary of $62,550 is $1,459.50.
<h2>28/36 Rule</h2>
<h3>What is the 28/36 rule?</h3>
The 28/36 rule is used to calculate the amount of debt a person or a household should assume. The rule suggests that a lender's following expenses cannot be more than 28% of their monthly or annual income. They are listed as follows:
- Household Expense payments
- Primarily rent
- Mortgage payments
While the debt payments must not exceed 36% of their income.
<h3>Calculating mortgage payment</h3>
Keeping the above rule in view, the mortgage payment is calculated by multiplying the annual salary by 28% and dividing the same by 12, to calculate the mortgage payments monthly. As shown below:
62,550 x 28% = $17,514
17,514 / 12 = $1,459.50
The maximum mortgage payment allowed is $1,459.50
Learn more on maximum mortgage payment here: brainly.com/question/8409309
If you have two terms in a sequence, then a term decreased by the previous term=common difference
so
30 and 27
27 decreased by 30 is -3
the common differce is -3
Isolate the variable by dividing each side by factors that don't contain the variable.
h = −8
Answer:
you literally just translate each shape by the number of squares specified.
Step-by-step explanation:
for example, move shape 1 5 squares to the right, then 4 down. it will be in the middle area of quadrant 1 (where it already is).
7/x = 5/y
Can be changed to:
5x = 7y
So, x = (7/5)y and
y = (5/7)x
