The most expensive home the couple can afford to buy is $175000.
An equation is an expression that is used to show the relationship between two or more numbers and variables.
The couple needs down payment of 20% of the purchase price for any home. Let d represent the most expensive home they can afford. If the couple has saved $35,000:
20% of d = 35000
0.2d = 35000
d = $175000
The most expensive home the couple can afford to buy is $175000.
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In our case your monthly income is $3,700.
Let's also say you spend $300 on credit card payments and $450 on a loan. Your ratio calculation would be
$750 / $3,700 = 0.2.
Then multiply by 100 for a debt-income-ratio of 20%.
In this case, you spend a 20% of your income on consumer debt. Consider it this way: for every $1 you earn, you're spending 20 cents on debt, leaving you with 75 cents for savings, non-debt expenses, and other financial goals, which is very much ok
How to calculate Debt Overload
It is very possible to earn enough and still have an unhealthy financial life before of one may not be able to manage debt like mortgage, auto loan, student loan, and credit card too, but you are indebted hence one way or the other you have made a commitment to always service your debts.
Now to cushion the effect of these debts, you must be able to calculate rather than guessing, you can calculate your level of indebtedness relative to your income. One of the easiest ways to calculate your debt load is by figuring out your debt-to-income ratio.
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C. their liability is limited by each partner's share of the business.
Hope it helps!
Brainliest would be nice but of course you don’t gotta :)
Answer:
Communication is the first step.
Explanation:
The people of Aad were an ancient tribe of Saudi Arabia. Their city was known as Iram. The tribe was popular for its cleverness and physical strength and therefore, they are also called giants. They were so strong and intelligent that they could carve mountains and use it as their homes. , the Thamūd were the successors of a previous nation called the ʿĀd, who had also been destroyed for their sins. They lived in houses carved into the surface of the earth. God chose the prophet Ṣāliḥ to warn the polytheistic Thamūd that they should worship the One God.
Here thx have a nice day please mark brainlist
