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Zanzabum
3 years ago
12

William wants to keep his debt-to-income ratio at the recommended 15% orlower William's house payment is

Mathematics
1 answer:
3241004551 [841]3 years ago
4 0

9514 1404 393

Answer:

  about $171,400

Step-by-step explanation:

William's total monthly debt is ...

  $1012.84 +579.13 +250 +300 = 2141.97

On an annual basis, this is ...

  12 × $2141.97 = $25,703.64

This will be 15% of (25703.64/0.15) = $171,357.60.

William's new annual salary should be about $171,400 to keep his debt ratio at the recommended 15%.

_____

<em>Additional comment</em>

A debt ratio of 15% is a pretty aggressive target. Most mortgage lenders like to see the "front end" ratio (housing expense) less than 28%, and the "back end" ratio (all debt) less than 36%.

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Answer:

x=52

Step-by-step explanation:

160=4+3x

Subtract 4 from both sides

156=3x

Divide 3 from both sides

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6 0
3 years ago
A system of equations is given below:
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Solving by substitution:

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Let us substitute the first equation y = 4x - 3  into the second.

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So that's the third option.

I hope this helps.
4 0
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Answer:

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Step-by-step explanation:

To solve this, we have to convert all of the scores into either a decimal or a fraction. In this case, I will be solving all of them into decimals since it is easier.

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Answer:

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