The maximum mortgage payment allowed for someone with an annual salary of $62,550 is $1,459.50.
<h2>28/36 Rule</h2>
<h3>What is the 28/36 rule?</h3>
The 28/36 rule is used to calculate the amount of debt a person or a household should assume. The rule suggests that a lender's following expenses cannot be more than 28% of their monthly or annual income. They are listed as follows:
- Household Expense payments
- Primarily rent
- Mortgage payments
While the debt payments must not exceed 36% of their income.
<h3>Calculating mortgage payment</h3>
Keeping the above rule in view, the mortgage payment is calculated by multiplying the annual salary by 28% and dividing the same by 12, to calculate the mortgage payments monthly. As shown below:
62,550 x 28% = $17,514
17,514 / 12 = $1,459.50
The maximum mortgage payment allowed is $1,459.50
Learn more on maximum mortgage payment here: brainly.com/question/8409309
Part (a):
Turn percentage into a decimal.
26.8% = 0.268
Multiply.
67.5 * 0.268 = 18.09 (Answer)
Part (b):
Divide.
89.87 / 215 = 0.418
Turn into a whole number.
0.418 = 41.8 (Answer)
Turn percentage to a decimal to check.
215% = 2.15
Multiply
41.8 * 2.15 = 89.87
Hope This Helped! Good Luck!
Answer:
Step-by-step explanation:
(x+1)(x−3)(x−4)
=((x+1)(x−3))(x+−4)
=((x+1)(x−3))(x)+((x+1)(x−3))(−4)
=x3−2x2−3x−4x2+8x+12
=x3−6x2+5x+12
You do -2 plus 4. Answer is 2.
Then do 2-(-2) which is 0.
The final answer is 2.
