A prospective borrower has an estimated monthly housing expense of$ 1 , 6 0 0 and his

Fantastic news! We've Found the answer you've been seeking!

Question:

A prospective borrower has an estimated monthly housing expense of$

1, 600

and his monthly obligations total $

2, 100 .

If the borrower\'s monthly grossincome is $

5, 845,

what is the total obligations ratio?

Posted Date: May 11, 2024 04:09 AM

See More Questions

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
PLEASE GIVE CORRECT ANSWERS Prove that the number of comparators in any sorting network is (n log n). [4 marks] (ii) What does Part (d)(i) imply in terms of the depth of any sorting network? [1 mark]...
This assignment requires you to complete the 2022 tax reporting for a fictional woman named Anna Smith. Question 1 T1 - step 4 - line 66 This is Anna's taxable income Answer: Question 2 T1 - step...
Seth borrows X for ten years at an annual effective interest rate of 4%, to be repaid with equal payments at the end of each year. The outstanding loan balance at the end of the eighth year is...
The law should lay down precise formats, contents and methods for the preparation of limited liability company accounts. Discuss.
When a write of attachment may be obtained?
Open a general journal form like the one in Exhibit 2-4, and label it Page 10. After opening the form, record the following transactions in the journal: Dec.14 Purchased equipment for $6,000, paying...
Discuss how to formulate hypotheses and how to conduct tests such as the one used by Morrell. Be sure to support your comments with references
Company Sub is a subsidiary of Company Parent. Company Sub provides datacenter support services to Company Parent. The functions of Company Sub include racking and stacking the servers, maintaining...
(L05) Grant, a single taxpayer, has qualified business income and the following qualified business deductions after considering the wage limitation and the specified services limitation, generated...
Did You Know 2019 6:13 minutes https://www.youtube.com/watch?v=bTM06NZOyDQ&t=3s This video helps us visualize the rate of technical change in the environment. Choose one fact and discuss how it may...
The nation of Pecunia had a current account deficit of $1 billion and a nonreserve financial account surplus of $500 million in 2021. a. What was the balance of payments of Pecunia in that year? What...
Knowing how to discipline employees who behave inappropriately is an important managerial skill. The trick is to change the bad behavior into good behavior permanently, getting people to accept their...
A farm grows corn and produces eggs. The marginal cost of producing each of these products increases as more of it is produced. a. Make a graph that illustrates the farms PPF . b. The farm adopts a...
Multiple choice questions: 1) Sales volume variance is the difference between the: A) Actual amounts and the flexible budget due to differences in price and costs. B) Expected results in the flexible...

A prospective borrower has an estimated monthly housing expense of$ 1 , 6 0 0 and his

Question:

Expert Answer:

Students also viewed these accounting questions