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

<span>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.</span>

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Solution:

Given expression:

$(a-b)^4$

To find the second term of the expansion.

$(a-b)^4$

Using Binomial theorem,

$(a+b)^{n}=\sum_{i=0}^{n}\left(\begin{array}{l}n \\i\end{array}\right) a^{(n-i)} b^{i}$

Here, a = a and b = –b

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Substitute i = 0, we get

$$\frac{4 !}{0 !(4-0) !} a^{4}(-b)^{0}=1 \cdot \frac{4 !}{0 !(4-0) !} a^{4}=a^4$

Substitute i = 1, we get

$$\frac{4 !}{1 !(4-1) !} a^{3}(-b)^{1}=\frac{4 !}{3!} a^{3}(-b)=-4 a^{3} b$

Substitute i = 2, we get

$$\frac{4 !}{2 !(4-2) !} a^{2}(-b)^{2}=\frac{12}{2 !} a^{2}(-b)^{2}=6 a^{2} b^{2}$

Substitute i = 3, we get

$$\frac{4 !}{3 !(4-3) !} a^{1}(-b)^{3}=\frac{4}{1 !} a(-b)^{3}=-4 a b^{3}$

Substitute i = 4, we get

$$\frac{4 !}{4 !(4-4) !} a^{0}(-b)^{4}=1 \cdot \frac{(-b)^{4}}{(4-4) !}=b^{4}$

Therefore,

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