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Charra [1.4K]
2 years ago
5

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

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3 years ago
A number is called evil if it has 666 in it. How many 7 digit numbers are evil?
defon

Step-by-step explanation:

There are 5 different positions of 666:

666////

/666///

//666//

///666/

////666

The forward dashes represent any number from 0 to 9.

Case 1: "666////"

Number of ways = 10⁴ = 10,000.

Case 2: The other positions.

Since the 1st forward dash cannot be 0 (leading digit),

Number of ways for each position = 9 * 10³ = 9,000

Number of ways for all 4 positions = 9,000 * 4 = 36,000.

Total evil numbers = 10,000 + 36,000 = 46,000.

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2 years ago
20. Determine the rate of change for the following equation on the given interval.
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-2<x<3   | *2
-4<2x<6       | +7
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3<10<13

The answer is C

4 0
3 years ago
Read 2 more answers
Let X ~ N(0, 1) and Y = eX. Y is called a log-normal random variable.
Cloud [144]

If F_Y(y) is the cumulative distribution function for Y, then

F_Y(y)=P(Y\le y)=P(e^X\le y)=P(X\le\ln y)=F_X(\ln y)

Then the probability density function for Y is f_Y(y)={F_Y}'(y):

f_Y(y)=\dfrac{\mathrm d}{\mathrm dy}F_X(\ln y)=\dfrac1yf_X(\ln y)=\begin{cases}\frac1{y\sqrt{2\pi}}e^{-\frac12(\ln y)^2}&\text{for }y>0\\0&\text{otherwise}\end{cases}

The nth moment of Y is

E[Y^n]=\displaystyle\int_{-\infty}^\infty y^nf_Y(y)\,\mathrm dy=\frac1{\sqrt{2\pi}}\int_0^\infty y^{n-1}e^{-\frac12(\ln y)^2}\,\mathrm dy

Let u=\ln y, so that \mathrm du=\frac{\mathrm dy}y and y^n=e^{nu}:

E[Y^n]=\displaystyle\frac1{\sqrt{2\pi}}\int_{-\infty}^\infty e^{nu}e^{-\frac12u^2}\,\mathrm du=\frac1{\sqrt{2\pi}}\int_{-\infty}^\infty e^{nu-\frac12u^2}\,\mathrm du

Complete the square in the exponent:

nu-\dfrac12u^2=-\dfrac12(u^2-2nu+n^2-n^2)=\dfrac12n^2-\dfrac12(u-n)^2

E[Y^n]=\displaystyle\frac1{\sqrt{2\pi}}\int_{-\infty}^\infty e^{\frac12(n^2-(u-n)^2)}\,\mathrm du=\frac{e^{\frac12n^2}}{\sqrt{2\pi}}\int_{-\infty}^\infty e^{-\frac12(u-n)^2}\,\mathrm du

But \frac1{\sqrt{2\pi}}e^{-\frac12(u-n)^2} is exactly the PDF of a normal distribution with mean n and variance 1; in other words, the 0th moment of a random variable U\sim N(n,1):

E[U^0]=\displaystyle\frac1{\sqrt{2\pi}}\int_{-\infty}^\infty e^{-\frac12(u-n)^2}\,\mathrm du=1

so we end up with

E[Y^n]=e^{\frac12n^2}

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Answer:

38

Step-by-step explanation:

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