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3 years ago

Write all you know about independence in Ghana

1 answer:

3 0

On 6 March 1957, the Gold Coast (now known as Ghana) gained independence from Britain. Ghana became a member of the Commonwealth of Nations and was led to independence by Kwame Nkrumah who transformed the country into a republic, with himself as president for life.

The Independence Day of Ghana is a national holiday celebrated yearly. This day is an official state holiday for the citizens of Ghana both within and in the diaspora to honour and celebrate the Heroes of Ghana who led the country to attain its independence. The Independence Day is celebrated on March 6 every year.

Have A Great Day..... :)

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3 years ago

You work for a lender that requires a 20% down payment and uses the standard debt-to-income ratio to determine

ratelena [41]

According to the standard debt-to-income ratio, the person who would be rated as highest in respect of eligibility for a home loan is person C.

A home loan is an amount that has been lent for the acquisition or purchase of any house. or apartment for living.

Given values:

Persons Monthly Incomes Recurring debts

Person A $4,250 ($51,000 / 12) $350

Person B $4,833 ($58,000 / 12) $250

Person C $5,250 ($63,000 / 12) $200

Person D $5,583 ($67,000 / 12) $450

Step-1 Computation of debt-to-income ratio of person A:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$350}{\$4,250}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=8.23\%$

Step-2 Computation of debt-to-income ratio of person B:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$250}{\$4,833}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=5.18\%$

Step-3 Computation of debt-to-income ratio of person C:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$200}{\$5,250}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=3.80\%$

Step-4 Computation of debt-to-income ratio of person D:

$\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$450}{\$5,583}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=8.06\%$

Therefore, after finding debt to income ratios of all persons, the lowest ratio comes out to be of Person C at 3.80% which ranked to be the highest.

Learn more about the debt ratio in the related link:

brainly.com/question/14553933

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2 years ago

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Write all you know about independence in Ghana​

Write all you know about independence in Ghana