All categories

3 years ago

Luis wants to buy a home priced at $315,000. He plans to finance this amount less the down payment required. His

Mathematics

2 answers:

Marizza181 [45]3 years ago

8 0

9514 1404 393

Answer:

A. Luis is eligible for a home loan; he meets all of the requirements.

Step-by-step explanation:

Luis's monthly income is $91,500/12 = $7625. The loan payment as a percentage of this income is ...

$2100/$7625 ≈ 27.54%

This amount is less than 28%, so Luis qualifies according to the first criterion.

The total of Luis's monthly debt payments with the loan will be ...

$2100 +370 +165 +45 = $2680

As a percentage of his monthly income, this is ...

$2680/$7625 = 35.15%

This amount is less than 36%, so Luis qualifies according to the second criterion.

Luis is eligible for a home loan; he meets all of the requirements.

sveta [45]3 years ago

3 0

Answer:

d Luis is not eligible for a loan, he should reduce his recurring debt

You might be interested in

A die is thrown 300 times with frequencies for the outcome 1 2 3 4 5 6, whats the probablity of getting a prime number, given th

aleksklad [387]

Answer:

58.3% to the nearest tenth.

Step-by-step explanation:

The prime numbers from 1 to 6 are 2,3 and 5.

The probability of a prime number taken from the result of the 300 throws:

= (sum of the frequencies for 2, 3 and 5) / ( total throws)

= (60 + 55 + 60) / 300

= 0.5833 or 58.3%.

6 0

2 years ago

What is the area of a rectangle with length (3^2)^2 meters and width of 3^2 meters?

Luda [366]

Answer:

729m^2

Step-by-step explanation:

Area of rectangle = length x width

From the question, we know that length = 3^2^2 = 81 ( three squared is 9. Nine squared is 81)

width = 3^2 = 9.

Now for the area: length x width = 81 x 9 = 729m^2.

Please mark brainiest.

4 0

2 years ago

Read 2 more answers

Which situation would you represent with a negative integer?

garik1379 [7]

The answer is A (a mountain climber descending a mountain.

This sis the answer because it is the only option with a decrease. When something decreases, a negative value (a number) represents the amount it decreased.

Happy to help!

6 0

3 years ago

A science fair poster is a rectangle 3 feet long and 2 feet wide. What is the area of the poster in square inches?

Anvisha [2.4K]

3'=3*12=36"
2'=2*12=24"
Area = 36" * 24" = 864 sq. in.

3 0

3 years ago

Factor 2x^3 - 3x^2 + 2

tekilochka [14]

Answer:

Prime.

Step-by-step explanation:

2x^3 - 3x^2 + 2.

There are no factors of this expression. It is prime.

7 0

2 years ago