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densk [106]
3 years ago
11

Using the standard 28/36 guidelines. what is the maximum mortgage payment allowed for someone with an annual salary of $62,550?

Mathematics
1 answer:
Alex73 [517]3 years ago
3 0

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

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What is the quotient of the synthetic division problem below, written in
ki77a [65]

The quotient of the synthetic division problem is "f(x) = -2x² + 9x + 5" (Option C).

<h3>What is Synthetic Division?</h3>

When a polynomial division is executed using the shorthand method, using a linear factor, one is  said to have executed a Synthetic Division.

The synthetic division translates to

- 2 15 -22 -15

<u>3 | -6 27 15</u>

-2 9 5 0

Citing the coefficient of the quotient of the first three numbers:

- 2, 9, 5. The last number is given as the remainder.

Hence the remainder is zero.

Given that the coefficient of the quotient are three, the interpretation is that the polynomial greatest degree is 2.

Thus,

f(x) = -2x² + 9x + 5

Learn more about synthetic division at:
brainly.com/question/18788426
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8 0
2 years ago
B ∩ U A = U(B ∩ A).
NARA [144]
Are those emojis or no
5 0
4 years ago
PLEASE HELP ME I WILL GIVE BRAINLIST
liq [111]
1)
= 24z^7

answer
A. 24z^7

2)
= 24 x^2y^9

answer
D. 24 x^2y^9

3)
=w^12z^18

answer
C. w^12z^18

4)
= 4x^6

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B. 4x^6
4 0
3 years ago
the ratio of two number is 2:3,and their sum is 60.find the sum.a)10 and 50 b)12 and 48 c)20 and 30 d) 24 and 36
GenaCL600 [577]

✧・゚: *✧・゚:*    *:・゚✧*:・゚✧

                  Hello!

✧・゚: *✧・゚:*    *:・゚✧*:・゚✧

❖ The correct answer choice is d) 24 and 36.

We can check this:

24 + 36 = 60

24 ÷ 12 = 2

36 ÷ 12 = 3

2:3

D includes everything that is required so d is correct.

~ ʜᴏᴘᴇ ᴛʜɪꜱ ʜᴇʟᴘꜱ! :) ♡

~ ᴄʟᴏᴜᴛᴀɴꜱᴡᴇʀꜱ

5 0
3 years ago
If ||| m, solve for x and y.
rosijanka [135]

Answer:

x = 11, y = 3

Step-by-step explanation:

(13x - 19) and (9x + 25) are corresponding angles and congruent, thus

13x - 19 = 9x + 25 ( subtract 9x from both sides )

4x - 19 = 25 ( add 19 to both sides )

4x = 44 ( divide both sides by 4 )

x = 11

Then

13x - 19 = 13(11) - 19 = 143 - 19 = 124

(17y + 5) and 124 are alternate angles and are supplementary, thus

17y + 5 + 124 = 180, that is

17y + 129 = 180 ( subtract 129 from both sides )

17y = 51 ( divide both sides by 17 )

y = 3

4 0
3 years ago
Read 2 more answers
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