All categories

3 years ago

Suppose a family has a gross annual income of $39,600.

1 answer:

8 0

According to financial advisers,
* mortgage payment should be at most 28% of your gross monthly income
* total monthly debt should be at most 36% of your gross monthly income. Total monthly debts include mortgage payments, car payments, credit card bills, student loans, and medical debt.\

gross annual income: 39,600

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.

You might be interested in

Miss Osborne is standing next to a tree at high noon the tree cast a 44 foot shadow and miss Osborne cast a 4 foot shadow how ta

Gwar [14]

Answer:ok soooo I did this last year but I don’t remember anymore

Step-by-step explanation:

3 0

3 years ago

Suppose △DEF≅△MNO.

mixas84 [53]

The answer is b. would u like to see steps or are you good?

6 0

3 years ago

Put these fractions in order from least to greatest:

rewona [7]

Answer:

1/4, 3/8, 2/3

Step-by-step explanation:

3/8 is more than 25% (1/4) but is less than 66% (2/3) making the order 1/4 3/8 2/3.

6 0

3 years ago

Read 2 more answers

You finish washing 3/4 of your windows in an hour and a half. At that rate, how much longer will it take you to finish washing a

Marysya12 [62]

It takes you 90 minutes to wash 3/4 of your windows

Multiply both numbers by 4.

It takes you 360 minutes to wash 3 of your windows.

Divide both numbers by 3.

It takes you 120 minutes to wash 1 of your windows.

120 minutes = 2 hours.

It will take you 2 hours to wash all the windows.

5 0

3 years ago

Read 2 more answers

An article in Knee Surgery, Sports Traumatology, Arthroscopy, "Arthroscopic meniscal repair with an absorbable screw: results an

igomit [66]

Answer:

Mean = 1.57

Variance=0.31

Step-by-step explanation:

To calculate the mean and the variance of the number of successful surgeries (X), we first have to enumerate the possible outcomes:

1) Both surgeries are successful (X=2).

$P(e_1)=0.90*0.67=0.603$

2) Left knee unsuccessful and right knee successful (X=1).

$P(e_2)=(1-0.9)*0.67=0.1*0.67=0.067$

3) Right knee unsuccessful and left knee successful (X=1).

$P(e_3)=0.90*(1-0.67)=0.9*0.33=0.297$

4) Both surgeries are unsuccessful (X=0).

$P(e_4)=(1-0.90)*(1-0.67)=0.1*0.33=0.033$

Then, the mean can be calculated as the expected value:

$M=\sum p_iX_i=0.603*2+0.067*1+0.297*1+0.033*0\\\\M=1.206+0.067+0.297+0\\\\M=1.57$

The variance can be calculated as:

$V=\sum p_i(X_i-\bar{X})^2\\\\V=0.603(2-1.57)^2+(0.067+0.297)*(1-1.57)^2+0.033*(0-1.57)^2\\\\V=0.603*0.1849+0.364*0.3249+0.033*2.4649\\\\V=0.1115+0.1183+0.0813\\\\V=0.3111$

3 0

3 years ago

Suppose a family has a gross annual income of ​$39,600.

Suppose a family has a gross annual income of $39,600.