(If social studies is based on theory, what is social education based on?)

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:

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8 0

2 years ago

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¿Cómo afecta la geografía de un país a su cultura?

Dmitry_Shevchenko [17]

La geografía de un país tiene un gran impacto en su cultura. Si un país está muy aislado por la tierra o las masas de agua, puede ser difícil comerciar y / o interactuar con las culturas de otros países. Dependiendo de los recursos disponibles dentro del país, el aislamiento puede ser algo positivo o negativo. Un país cercano a otros países puede verse muy influenciado por el colonialismo o por ser una potencia colonial, y el comercio entre los dos países podría llevar a la interdependencia, o un poder dominante y sumiso.

English: How does the geography of a country affect its culture?

A country’s geography has a large affect on its culture. If a country is greatly isolated by land or water masses, it can be difficult to trade and/or interact with other countries cultures. Depending on the resources available within the country, isolation can be a positive or negative thing. A country in close proximity to other countries can be greatly influenced through colonialism, or by being a colonial power, and trade between the two countries could lead to interdependence, or a dominant and submissive power.

3 0

3 years ago

Which continents can easily trade by traveling the Mediterranean Sea?

maw [93]

Europe, africa, and asia.

4 0

3 years ago

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Khalil has been losing weight because he has no interest in eating. he also complains of constipation. furthermore, he has diffi

dmitriy555 [2]

The answer is cognitive depression. Cognitive depression is also known as Neurocognitive disorders. The most communal mental disorder is often treated with cognitive therapy based on Beck's theory, which proposes that depressive perceptions (negative views of self, world, and future) affect psychosocial functioning.

3 0

4 years ago

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According to the pilot in the movie, how do most people judge whether a flight has been successful?

pentagon [3]

Answer:

its either c or d

Explanation:

4 0

2 years ago

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(If social studies is based on theory, what is social education based on?)​

(If social studies is based on theory, what is social education based on?)