All categories

2 years ago

Using the standard 28/36 guidelines, what is the maximum mortgage payment allowed for someone with

Mathematics

1 answer:

Nitella [24]2 years ago

4 0

The maximum mortgage payment allowed for someone with an annual salary of $83,750 would be $2512.50 per month.

<h2><u>What is the standard 28/36 guidelines?</u></h2>

To determine, using the standard 28/36 guidelines, what is the maximum mortgage payment allowed for someone with an annual salary of $83,750, the following calculation must be made:

Annual salary x 36% / months = X
((83750 x 36) / 100) / 12 = X
(3,015,000 / 100) / 12 = X
30150 / 12 = X
2512.50 = X

Therefore, the maximum mortgage payment allowed for someone with an annual salary of $83,750 would be $2512.50 per month.

Learn more about maths in brainly.com/question/20589209

You might be interested in

George bought 30 packs of football cards There were14 cards in each pack How many cards did george buy

mars1129 [50]

Answer:

420

Step-by-step explanation:

3 0

3 years ago

Read 2 more answers

. In the past hour. Ace Window Factory made 13

siniylev [52]

The best prediction is 300 because of you times 13 by 20 you get 260 which is close to 300

6 0

3 years ago

Read 2 more answers

Estimate the integral ∫6,0 x^2dx by the midpoint estimate, n = 6

Anettt [7]

Splitting up the interval [0, 6] into 6 subintervals means we have

$[0,1]\cup[1,2]\cup[2,3]\cup\cdots\cup[5,6]$

and the respective midpoints are $\dfrac12,\dfrac32,\dfrac52,\ldots,\dfrac{11}2$ . We can write these sequentially as ${x_i}^*=\dfrac{2i+1}2$ where $0\le i\le5$ .

So the integral is approximately

$\displaystyle\int_0^6x^2\,\mathrm dx\approx\sum_{i=0}^5({x_i}^*)^2\Delta x_i=\frac{6-0}6\sum_{i=0}^5({x_i}^*)^2=\sum_{i=0}^5\left(\frac{2i+1}2\right)^2$

Recall that

$\displaystyle\sum_{i=1}^ni^2=\frac{n(n+1)(2n+1)}6$
$\displaystyle\sum_{i=1}^ni=\frac{n(n+1)}2$
$\displaystyle\sum_{i=1}^n1=n$

so our sum becomes

$\displaystyle\sum_{i=0}^5\left(\frac{2i+1}2\right)^2=\sum_{i=0}^5\left(i^2+i+\frac14\right)$
$=\displaystyle\frac{5(6)(11)}6+\frac{5(6)}2+\frac54=\frac{143}2$

8 0

2 years ago

Write an expression for the sequence of operations described below. triple u, then multiply t by the result

nikklg [1K]

Answer:

t(3u)

Step-by-step explanation:

First we have to triple (x3) u, which is what gets us 3u. Then we multiply that result by t.

This gives us: t(3u)

Remember, this problem is asking for you to write an expression, not and equation. That is why there is not an equal sign included in the answer.

3 0

3 years ago

I’ll give brainliest

Brilliant_brown [7]

Answer:

Step-by-step explanation:

We know that it costs 37 cents to mail a letter that weighs 1 oz or less. This would mean that for x ≤ 1, P(x) should equal 37. Already, we can eliminate A and D.

We also know that it costs an additional 26 cents for at most another ounce added to the original 1 ounce. This means that for 1 < x ≤ 2, P(x) = 26 + 37 = 63. This is shown by B.

Thus, the answer is B.

<em>~ an aesthetics lover</em>

5 0

3 years ago