All categories

3 years ago

Ms. burke earns $32,000 per year and plans to buy a house. use the banker's rule to determine her maximum allowable mortgage.

1 answer:

7 0

For the answer to the question above bankers right now are looking for a borrower to not spend more than 28-35% of their gross income for housing expenses. Income of $32,000 a year is $2,667 per month. At a presumed 32% rate the maximum allowable mortgage payment is $2,667 x 0.32 = $850 per month. If Ms. Burke has excellent credit, say FICO over 775 and virtually no debts, then $1,000 per month might still be possible.

You might be interested in

GEOMETRY HELP! Celeste is constructing the perpendicular bisector of ST⎯⎯⎯⎯⎯ . Which set of instructions explains a correct way

Elan Coil [88]

Answer:

The answer is C.

Step-by-step explanation:

Given the line segment ST. we have to give the instruction to construct the perpendicular bisector of line ST.

So to construct the perpendicular bisector of line our first step is to place the compass at one end of line and then adjust the compass more than half of line segment and draw the arc on each side of segment.

After that Keeping the same compass width, draw arcs from other end of line. Place scale where the arcs intersect, and draw the line segment.

So, the correct match is option C ) Place the compass point on point S and open the compass so that the pencil point is on the segment, but closer to point T than to point S. Draw an arc on each side of segment.

3 0

3 years ago

Two teams are selling candy bars to raise money. Team A has $165 saved and they are selling each candy bar for $2. Team B has $7

devlian [24]

Answer: Each have to sell 91 candy bars to have the same amount of money.

Step-by-step explanation: Suppose x represents the amount of candy bars.

Team A already have $165 and they are selling each candy bar for $2. The mathematical equation that represents the amount of money they have is

A: 165 + 2x

Team B initially has $74 and will sell each candy bar for $3. Then, the mathematical equation representing their amount of money is

B: 74 + 3x

So, to have the same amount of money:

165 + 2x = 74 + 3x

x = 165 - 74

x = 91

Teams A and B will have the same amount of money when each of them sell 91 candy bars.

6 0

3 years ago

I put a random encouraging message on here just to spread some positivity/encouragement, and someone deleted it because it "went

malfutka [58]

Answer:

It was probably just because it wasnt a question.

Step-by-step explanation:

Hope this helps! Plz give brainliest!!

4 0

3 years ago

I kinda forgot how to do things like 2 divided by 5. plz help

pentagon [3]

Answer:

the answer 0.4

Step-by-step explanation;

4 0

3 years ago

A car covered a certain distance at a speed of 24 mph. While returning, the car covered the same distance at a speed of 16 mph.

Ymorist [56]

Answer:

19.2 mph

Step-by-step explanation:

just trust me

7 0

3 years ago