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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

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2 years ago

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kolezko [41]

<u>Answer:</u>

x = 0.417 or x = -0.917

<u>Step-by-step explanation:</u>

We are given the following expression and we are to solve it for the variable x:

$x ^2 + \frac { 1 } { 2 } x + \frac { 1 } { 1 6 } = \frac { 4 } { 9 }$

We will find the least common multiple of 2. 6 and 9:

$x^2 \times 144 +\frac{1}{2}x \times 144 +\frac{1}{16} \times 144 = \frac{4}{9} \times 144$

Simplifying it to get:

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$144x^2+72x-55=0$

Using the quadratic formula to solve for x:

$x=\frac{-b \pm\sqrt{b^2-4ac} }{2a}$

$x=\frac{-72 \pm\sqrt{72^2-4(144)(-55)} }{2a}$

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3 years ago