Rollin and Sandra want to buy a home priced at $265,000. They plan to finance this amount less the down payment
required. Rollin and Sandra have a combined annual income of $83,600 and have saved $53,000. They have a
recurring debt of $582. Use a 20% down payment and the 28/36 ratio to determine if Rollin and Sandra are eligible for
a loan. What would you advise them to do if they are not eligible?

Answers

Answer 1

Answer:

Rollin and Sandra will not be eligible for a loan. Since 20% of $265,000 is $53,000, they have the required down payment.The recurring debt they have exceeds the allowable amount of $557. Rollin and Sandra should work on reducing their recurring debt.

Step-by-step explanation: this is what i put on the practice

Answer 2

Based on the 28/36 rule, the Rollin and Sandra family are eligible for the mortgage loan of $212,000.

Data and Calculations:

Price of home = $265,000

Required down payment = 20% or $53,000

Amount saved = $53,000

Combined annual income of Rollin and Sandra = $83,600

Recurring debt = $582 per month

Annual recurring debt = $6,984 ($582 x 12)

The Rollin and Sandra family will need to finance $212,000 ($265,000 - $53,000) of the home price.

At 6% interest rate for 30 years, the Rollin and Sandra household will pay $1,271.05 monthly or $15,252.60 yearly.  This gives a total annual debt payment of $22,236.60 ($6,984 + $15,252.60).

Thus, based on the 28/36 rule, the Rollin and Sandra family are eligible for the mortgage loan of $212,000.

Learn more about the 28/36 rule and eligibility for mortgage loan here: https://brainly.com/question/8409309


Related Questions

What are three different ratios that are equivalent to the ratio 3:11.?
Explain your answer

Answers

3:11
3 to 11
3/11
A ratio is basically a fraction comparing how much of a number to another.

Answer:

6:2212:4430:110

Step-by-step explanation:

3 × 2 = 6, 11 × 2 = 22; put them together: 6:223 × 4 = 12, 11 × 4 = 44; put them together: 12:443 × 10 = 30, 11 × 10 = 110; put them together: 30:110

I hope this helps!

3. PLEASE HELP! Jenna just opened a checking account at the bank. Within the first month, she deposited three checks for $34.98, $51.02, and $51.22. She withdrew $5.23 for new pencils, $5.22 for cards, and $7.89 for movies from her account in the same month.
(a) Write Jenna's withdrawals as negative rational numbers and her deposits as positive rational numbers.
(b) Order the rational numbers from least to greatest and explain your reasoning.
(c) What is the greatest deposit within Jenna's account so far?

Answers

Answer:C) She would have $216.88.

Step-by-step explanation:

A) Deposits:  +34.98; +51.02; +51.22

Withdrawals:  -5.23; -5.22; -7.89

B) -7.89, -5.23, -5.22, +34.98, +51.02, +51.22

The smallest amount will be the largest withdrawal, as it takes away from the account; the largest amount will be the largest deposit, as it adds to the account.

98 + 34.98 = 132.98 + 51.02 = 184.00 + 51.22 = 235.22 - 7.89 = 227.33 - 5.23 = 222.10 - 5.22 = 216.88

I think it’s c sorry if it’s wrong

Divide and simplify 7 3/5 divided by 4 easy question (:

Answers

Answer:

1 9/10

​​

Step-by-step explanation:

Convert    7 3/5 to improper fraction. Use this rule a/bc

​ 7x5+3                                                                                                                                      

    5

  4  

Simplify  7\times 5 to  35.

Nvm I just give u the answer​

Answer:

1.9

Step-by-step explanation:

can anyone please help me

Answers

Move to the left.
The number gets smaller, so it has to go to the left.
3.0 x 10^-2 would then be .03.

5x+9−2x+13=67 solve the equation

Answers

Answer:

5x+9−2x+13=67

3x+9+13=67

3x+22=67

3x=45

x=15

Mark brainliest!!

Step-by-step explanation:

3x + 22 = 67

3x = 67 - 22

3x = 45

x = 45/3

put the this is ur calculator and u will get the answer

Determine the area of squre ABCD with AB=3cm

Answers

Answer:

Area: [tex]9 cm^{2}[/tex]

Step-by-step explanation:

Since all sides of a square have equal lengths, the area of the square is [tex]a^{2}[/tex] (a = length of a side).

Since the length of the side of the square is given (is 3cm), the area of the square is [tex](3cm)^{2}[/tex] =  [tex]9cm^{2}[/tex]

Answer:

9

Step-by-step explanation:

3 by 3 is 9

The measures of the angles of a triangle are shown in the figure below. Find the
measure of the smallest angle.
(4x)
(x+18)
112°
Answer:
Submit Answer

Answers

{4x, x+18, 112}
4x +(18+x)+112=5x+19.9548
0.333333(5x+19.9548)

9514 1404 393

Answer:

  28°

Step-by-step explanation:

The sum of angles in a triangle is 180°, so we have ...

  (4x) +(x +18) +112 = 180

  5x = 50 . . . . . . . subtract 130

  x = 10

Then the two acute angles are ...

  (4x)° = (4·10)° = 40°

  (x+18)° = (10+18)° = 28°

The measure of the smallest angle is 28°.

What is the difference between the SSS/SAS congruency postulate and the SSS/SAS similarity postulate?
Help Please!!!!

Answers

Answer:

This states that if two sides and the included angle of one triangle are congruent to two sides and the included angle of another triangle, then the triangles are congruent. And third, there's the ASA postulate.

Step-by-step explanation:

Googled it. Hope this helps

5th one pls help me .....​

Answers

x² + y² = 6xy

or, (x + y)² - 2xy = 6xy

or, (x + y)² = 8xy

or, (x + y)² = 2³xy

Taking (log) in both sides, we get

log (x + y)² = log (2³xy)

or, 2 log (x + y) = log (2³) + logx + logy

or, 2 log (x + y) = 3 log2 + logx + logy

there hopefuly it help!!!

Last month, John lost money by selling stocks. His investment income was -\$525−$525minus, dollar sign, 525. This month, John's investment income is \$163$163dollar sign, 163. What does this mean?

Answers

Answer:

it means that John GAINED $163 by selling stocks.

Step-by-step explanation:

Select all expressions that are equivalent to 5% of 200.
А 1/20 X 200
B 1/5 x 200
С 1/2 • 200
D 10
E 5

Answers

A. 1/20 x 200

D.10

To figure out what 5% of 200 is, you would multiply 200 by .05.

To figure out if 1/20 of 200 is 10, simply divide 200 by 20.

Hope that helps!

How do you turn 0.06 into a frac

Answers

Answer:

6/100

Step-by-step explanation

Answer:

First write 0.06 as 0.06/1. Them mutliply by 100 so 0.06 times 100/ 1 times 100 this equals 6/100. Simplfy and you will fet 3/50 te anwer

Step-by-step explanation:

Plz Mark Brainliest Thanks

What are the roots of the polynomial equation x* – 25x² + 144 = 0?
A -16, -9
В. 4 9
16, 9
D. -4,-3,3,4

Answers

D. Is right just did the test

PLEASE HELP
A plane flies at a steady rate of 40 mph while a second plane flies at a steady rate of 100 mph. The planes are 200 miles apart and fly directly toward each other. In how many hours will they meet?

Answers

Answer:

1.43 hours

Step-by-step explanation:

Given that:

Speed of plane A = 40 mph

Speed of plane B = 100 mph

Distance between plane A and B = 200 m

In how many hours will they meet?

Recall :

Distance = speed * time

Let the time traveled by each plane = t

Since the total distance apart = 200m

Hence,

Plane A distance + Plane B distance = total distance

40t + 100t = 200

140t = 200

Divide both sides by 140

140t / 140 = 200 / 140

t = 1.4285 hours

t = 10/7 hours or 1.43 hours

Simplify (32)2
A) 9
B) 18
C) 27
D) 81

Answers

Answer:

D) 81

Step-by-step explanation:

I think cause you would do 3 by the second power so that would be 9 then 9 the the second power would be 81 so yeah good luck

Answer:

D is your correct answer

Step-by-step explanation:

Well first things first if we want to simplify with a base and an exponent we can use product of two powers with like bases.

-------------------------

Example/model of product of two powers with like bases:

x^m + n (adding the exponents)

-------------------------

If we add those two exponents you get 3^4. Then if you do 3 x 3 x 3 x 3 = ?

What do you get? You get 81. Hope this helpss! Good luck!!

what is 4.89 times 6.3 in dollars and cents plz i really need help!:(

Answers

Answer:

$30.81

Step-by-step explanation:

4.89 x 6.3 = 30.807 = 30.81 (rounded)

30 dollars

81 cents

Answer:

36.18

Step-by-step explanation:

A scientist has two acid solutions: Artesia, which is a $70\%$ acid solution, and Borromeo, which is a $20\%$ acid solution. (a) Find the amount of Artesia (in mL) that must be added to $500$ mL of Borromeo in order to produce a $60\%$ acid solution. (b) Find the amount of Artesia and Borromeo (in mL) that can be combined in order to form a $100$ mL solution that is $55\%$ acid. (c) Does there exist a combination of Artesia and Borromeo that is $80\%$ acid?

Answers

Answer:

(a) 2000 mL

(b) 70 mL, 30 mL

(c) No

Step-by-step explanation:

Given that Artesia is a 70% acid solution, and Borromeo is a 20% acid solution.

(a) Let x mL of Artesia is added to 500  mL of Borromeo to produce a 60% acid solution.

So, 70% of x + 20% of 500 = 60% of (x+500)

[tex]\Rightarrow 0.7 \times x + 0.2 \times 500 = 0.6 \times (x+500) \\\\\ \Rightarrow 0.7 \times x + 0.2 \times 500 = 0.6 \times x+0.6 \times500\\\\ \Rightarrow 0.7 \times x -0.6 \times x= 0.6 \times500- 0.2 \times 500 \\\\ \Rightarrow (0.7-0.6) \times x = (0.6-0.2) \times500\\\\\Rightarrow 0.1 \times x = 0.4 \times500\\\\[/tex]

[tex]\Rightarrow x = (0.4 \times500)/0.1=2000[/tex] mL.

(b) Let x mL of Artesia and y mL be combined in order to form a 100 mL solution having 55% acid solution.

So, x+y=100\Rightarrow y= 100-x

And, 70% of x + 20% of y = 55% of (100)\\\\

[tex]\Rightarrow 0.7 \times x + 0.2 \times (100-x) = 0.55 \times 100\\\\\Rightarrow 0.7 \times x + 0.2 \times 100- 0.2 \times x = 0.55 \times 100\\\\\Rightarrow 0.7 \times x -0.2 \times x= 0.55 \times100- 0.2 \times 100 \\\\\Rightarrow (0.7-0.2) \times x = (0.55-0.2) \times100\\\\\Rightarrow 0.5 \times x = 0.35 \times100\\\\[/tex]

[tex]\Rightarrow x = (0.35 \times100)/0.5=70[/tex] mL.

and y= 100-x= 100-70=30 mL.

(c)  Let x mL of Artesia and y mL of Borromeo be combined in order to make 80% acid solution.

And, 70% of x + 20% of y = 80% of (x+y)

[tex]\Rightarrow 0.7 \times x + 0.2 \times y= 0.8 \times (x+y)\\\\\Rightarrow 0.7 \times x + 0.2 \times y = 0.8 \times x +0.8 \times y\\\\\Rightarrow (0.7-0.8) \times x = (0.8-0.2) \times y\\\\\Rightarrow -0.1 \times x = 0.6 \times y \\\\\Rightarrow \frac {x}{y} = -6 \\\\[/tex]

As x and y are amount of Artesia and Borromeo, so x>0 and y>0

[tex]\Rightarrow x/y >0[/tex], so the negative value of x/y is not possible.

Ad the negative value of x/y is not so x/y=-6 is not possible, hence,  any combination of Artesia and Borromeo that is 80% acid solution is not possible.

Find the values of a, b, and c in the equation
below.

a=
b=
c=

Answers

Answer:

x to the 12th power, y to the 3rd power and z to the 11th power

Step-by-step explanation:

Answer:

on edge its

a=12

b=2

c=11

hope this helps

Step-by-step explanation:

9. Horizontally arranged elements in a matrix is called *
O Columns
O ROWS
O Determinants
O Transpose

Answers

9jskxnxnxnzhzbzjjx xhhxhxh h

Answer:

Rows...............

Step-by-step explanation:

Hope this helps ☺

A friend of yours wants to teach a dance class after school. She needs to rent a dance studio to teach the class, and the cost of rent is $400 for 12 weeks. The class will meet each week and your friend will charge each student the same fee for the whole course. Your friend's profit depends on how many students enroll in the course and how much she charges each student.

If your friend charges each student D dollars for the course, define a function, p, that relates the number of students who take the dance course, n, to the profit, p(n).

Answers

Answer:

maybe the answer is 157 ok

Find the slope of a line parallel to a line containing points (3,-5) and(1,7)

Answers

Answer:

Required slope = - 6

Step-by-step explanation:

Parallel lines have same slope.

(x₁ , y₁) = (3 , -5)      &  (x₂ , y₂) = (1, 7)

[tex]Slope = \frac{y_{2}-y_{1}}{x_{2}-x_{1}}[/tex]

        [tex]= \frac{7 - [-5]}{1-3}\\\\=\frac{7+5}{1-3}\\\\=\frac{12}{-2}\\\\= -6[/tex]

Slope of the a line parallel to a line  = -6

Your salary is $65,788. If you work fifty 40-hour weeks in a year, what is your hourly wage?

Answers

31.63$ an hour not including taxes

help please i WILL GIVE BRAINLIST :) ​

Answers

Answer:

yup

Step-by-step explanation:

asfbguagsfiuahef

1/4(z +3z)+ 7=−z + 1 please help with this ive been stuck

Answers

First, simplify the parenthesis. You’ll get:
1/4(4z)+7=-z+1

Then multiply 1/4 by 4z. You’ll get:
z+7=-z+1

Love like terms to the same side. I wanted to have the variable positive on time, so I moved variables to the left and constants to the right. You’ll get:
2z=-6

Divide both sides by 2. You’ll get :
z=-3

(-2-I)^2
Help !!!!!!!!

Answers

Answer:

The answer is 9.

Step-by-step explanation:

(-2-1)^2

(-3)^2

A negative times a negative equals a positive.

When you square something you multiply it by itself.

(-3)^2

=9

Set up and solve an equation to find x.

Answers

I would say the equation would be 3x=x+20 and subtract x on both sides and you get 2x=20 so then you would divide both sides by 2 and the answer is 10.

A man can run 1 mile in 6 minutes. How fast is this measured in feet per second?
How fast is this measured in miles per hour? Hint: 5280 feet=1 mile

Answers

316800

Step-by-step explanation:

I need help. Thank you.

Answers

Answer:

The teacher sets up 7 work stations in each of the 2 classrooms.

Step-by-step explanation:

1. Find the number of work stations in all. We can find the number of work stations by dividing the amount of clay by the amount of clay that will be in each work station. 7/8 is the amount she has and 1/16 is how many that will be in each work station. 7/8 divided by 1/16 is equal to 7/8 * 16/1, and if you cross cancel, you would get 14.

2. Find how many are in each classroom. Since we know that we have 14 workstations in all, and that there are two classrooms, to find the amount in each, you have to divide 14/2. 14/2 = 7

Answer: The teacher sets up 7 work stations in each of the 2 classrooms.

The area of a rectangular pool is 8342 m .
If the width of the pool is 86 m, what is its length?

Answers

Answer:

97 meters

Step-by-step explanation:

The area of a rectangle is its length multiplied by its width. Substitute the known values into this equation and solve for the length, l:

a = lw

8342 = 86l

l = 97

97m is the length of the pool

I need help with this 9/2 divided by 2/9

Answers

Answer:

20.25

Step-by-step explanation:

decimal form- 20.25

fraction form- 81/4 simplified-20 1/4

Other Questions
AssessmentImagine you are a visitor to medieval Japan. You decide that you want to explain to your friends back home what you have seen and done in Japan by writing two postcards. Unfortunately, you know that Japan is very isolationist and is skeptical of contact with the outside world. For this reason, you will need to describe what you see very carefully and fairly. If your postcards are discovered to be harmful to the reputation of the leadership in Japan, your life could be in danger.Think about the social, political, religious, intellectual, and economic aspects. that you have learned about in this lesson. When writing your two postcards, be sure to pay attention to the geography of Japan, different social roles in medieval Japanese society, outside influences on Japanese culture, and Japanese reactions to those influences.Requirements:Create two postcards telling the outside world about social, political, religious, intellectual, or economic aspects of medieval Japanese society.Each postcard should have one image showing aspects of medieval Japanese society.Each postcard should have one full paragraph describing your observations of medieval Japanese society.Use your senses when describing your observations.Reminders:Remember to use images that are detailed enough to describe your observations.Mention the physical geography of Japan and how it affected the organization of medieval Japanese society.Mention at least one foreign influence on Japanese culture and the Japanese reaction to this influence. Glenrosa Company bought inventory from Monterosa Company, FOB destination. On December 31, the last day of the accounting year, the goods were on a truck owned by Common Carrier, Inc., and not expected to arrive until January 2. Which company should include these goods in its December 31 inventory? A. Common Carrier B. Monterosa C. Glenrosa D. None of them should include these goods in inventory. What is 59 rounded to the nearest half? The law of superposition states that rocks or fossils form in layers . The contents of each layer are from which choice ?(Dont use for points) qui le narrateur s'adressea-t-il?Tu auras nom Tristan Steps to quit smoking include changing daily routines to avoid situations in which you used to smoke.T or F yo my email kicked me out can i use one of you guyses number to get google to text a code then you send me the code ill give brainlyest to whoever i can get to help me my phone is broke Which of these is a molecular ingredient that could be used in a wall-filling material ?C6H6Na6Ba6NeNaHCl A dictator can be easily overthrown.True or false? Solve the inequality: ||x4|+3|5 Where would you find information about an organization's guidelines for moral behavior? what is the rule of 10. Kellyn needs to move Slide 8 of his presentation up so that it becomes Slide 6. What best describes how he can do this using the slide thumbnails to the left of the main view? He right-click on Slide 6then choose "Insert Betore^ prime prime and select Slide 8 from the options given O He can right-click on Slide 8 and hold the mouse button while dragging up until the insertion point is after Slide 6 He can left -click on Slide 8 and hold the mouse button while dragging up until the insertion point is after Slide 5 . He can left -click on Shde then choose " Move To" and select Slide 8 from the options given A store sells regular coffee for $5 a pound and gourmet coffee for $8 a pound. To get rid of 30 pounds of the gourmet coffee, a shopkeeper makes a blend to put on sale for $6 a pound. How many pounds of regular coffee should he use? Describe how the Legislative Branch has power over the Executive Branch? Dr. Evil stands on a 150 m high cliff and drops the kittens straight down. Fill out the following table that shows how the velocity and acceleration of the kittens change with time during their fall. Find three consecutive even integers suchethat one half of their sum is between 15and 21. The period of shogunate rule in Japan lasted from the end of the 1100s to themiddle of the 1800s. During this time, Japanese artists focused on paintingO A. religious figures and godsB. warriors and acts of braveryC. abstract symbols and patternsD. highly realistic landscapes plzz help! (will give brainliest+78 points to the answer that is in its own words and is correct) ...also plzzz don't write a wrong answer just to get the points because I really need help (thank You!) what is 5/8 / divided by 1/4?