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.

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Subtract 5/12 - 3/4 A.) 1/4 B.) 1 1/6 C.) -1/3 D. 1/3

raketka [301]

Answer:

3/4 becomes 9/12

5-9 is -4 》-4/12 = -1/3 a.k.a C

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2 years ago

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Write an equation that is perpendicular to and 3x+y=3 whose y-intercept 5. Anyone please help me, no link just explain how to do

Liula [17]

Answer:

$y = \frac{1}{3}x + 5$

Step-by-step explanation:

By definition, two lines are perpendicular if and only if their slopes are negative reciprocals of each other: $m = - \frac{1}{m_{2} }$ , or equivalently, $m_{1} * m_{2} = -1$ .

Given our linear equation 3x + y = 3 (or y = -3x + 3):

We can find the equation of the line (with a y-intercept of 5) that is perpendicular to y = -3x + 3 by determining the negative reciprocal of its slope, -3, which is $\frac{1}{3}$ .