1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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%.

You might be interested in
Which expression is equivalent to x2-16 ?
kirill [66]

Answer:

Step-by-step explanation:

You should indicate which type of expression are you expecting.

But intuitively, x^2 + 16 = x^4 + 4^2 = (x+4)^2 - 8x

5 0
3 years ago
A coat that usually costs $123 is marked 1/3 off.What is the sale price of the coat. Round to the nearest dollar
Brut [27]

Answer:

$82

Step-by-step explanation:

If the coat is 1/3 off then you pay 2/3 of the price. To find a sale price, multiply the cost by 2/3.

123(2/3) = 246/3 = 82

7 0
3 years ago
Which function represents the graph (what function is this)
swat32
It’s the first one ( quadratic )
8 0
3 years ago
In rectangle ABCD, the angle bisector of ∠A intersects side DC at point M and the angle bisector of ∠C intersects side AB at poi
Verizon [17]
Perimeter of quadrilateral ANCM = AN+NC+CM+MA

CM=AM = x in
Therefore, AN=NC = x in
In other words, all sides of the new quadrilateral are equal.

Perimeter (P) = 4x in

Now, Cos 45 = (x-6)/x =>0.7041 = (x-6)/x => 0.7041x=x-6 =>x= 6/(1-0.70741)
x= 20.5 in

Therefore, P=4*20.5 = 82 in

7 0
4 years ago
Which statements are true the ordered pair (1, 2) and the system of equations? y=−2x+47x−2y=3 Select each correct answer.
netineya [11]
Ccccccccccccccccccccccccccccccccccccccccccccccccccccccccccc
4 0
3 years ago
Other questions:
  • The expression below shows the population of squirrels in a forest after 3x years: f(x) = 30(1.03)3x Which of the following is a
    13·1 answer
  • 7x=-35 what do x equal
    7·1 answer
  • Write the algebraic expression that represents the following:
    9·1 answer
  • Please Help, I will give brainliest to the most accurate answer, please explain your answer too! Answer ASAP PLEASE!!!
    9·2 answers
  • Please help I need to to know the answer to the nearest meter
    12·1 answer
  • I NEED HELP now pls pls
    9·2 answers
  • PLZ HELP..8TH TIME POSTING :)) yeahhhh
    10·1 answer
  • A line is represented by the equation y - x + 1. What is the slope of the line with that equation. (Please just
    5·2 answers
  • Please help me ! There's an attachment of the problem right here.
    7·1 answer
  • 19:10.___ for the __ of man is come to ___ into __ that which was __​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!