subject
Mathematics, 17.10.2021 01:00 jackie533

PLEASE HELP! Suppose two mortgage companies compare the ratio of the monthly mortgage payment to the total monthly income as their metric. Suppose 0.3 is the ideal metric for the debt-to-income ratio for Company A, and 0.28 is the ideal metric for the debt-to-income ratio for Company B. Provided the target mortgage payment is the same for either company, then which of these mortgage companies requires a greater monthly income? Explain. Company requires a greater monthly income.

The mortgage debt-to-income ratio of is less than.

Therefore if it is a goal to keep the mortgage payment the same, then Company would require a greater monthly income than Company

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 16:30
Acarnival sold tickets for $1.50 for adults and $1.00 for students. there were 54 tickets sold for a total of $70.50. write a system of equations to represent the number of adult tickets,x, and the number of student tickets,y. find the solution and explain what it means. i'll you if you me
Answers: 1
question
Mathematics, 21.06.2019 18:10
Find the value of p for which the polynomial 3x^3 -x^2 + px +1 is exactly divisible by x-1, hence factorise the polynomial
Answers: 1
question
Mathematics, 21.06.2019 18:30
You love to play soccer! you make a shot at the net 8 times during a game! of those 8 attempts, you score twice. what percent of the time did you score?
Answers: 2
question
Mathematics, 21.06.2019 18:40
Does the point (1, sqrt 7) lie on circle shown.
Answers: 1
You know the right answer?
PLEASE HELP! Suppose two mortgage companies compare the ratio of the monthly mortgage payment to the...
Questions
question
Mathematics, 25.08.2021 04:20
question
Mathematics, 25.08.2021 04:20
question
Mathematics, 25.08.2021 04:20
question
Mathematics, 25.08.2021 04:20
question
Mathematics, 25.08.2021 04:20
Questions on the website: 13722367