Mandy has an annual salary of $37,580. each month she has a car payment of $265 and a student loan of $120. if she applies for a home loan, how likely is it mandy will be approved based on her debt-to-income ratio? a. very likely; recurring debt is less than what is allowed. b. somewhat likely; recurring debt is equal to what is allowed. c. not likely; recurring debt is higher than what is allowed. d. there is not enough information given to determine the answer.

c. Not likely; recurring debt is higher than what is allowed.

Step-by-step explanation:

1. You can use the rule, which is used by the lenders to calculate the debt that can assume a person or a household.

2. According to this rule,  Mandy must spend a maximum of 28% of her monthly incomes and a maximun of 36% on the payment of debts shown in the exercise.

3. Based on this information, you must calculate her monthly income:

dollars

4. Then, you have that the debt allowed is:

dollars

dollars

dollars

5. Her recurring debt is:

dollars

6. Therefore, the recurring debt is higher than what is allowed.

use the power rule  

( a b ) n = a n b n

to distribute the exponent.

apply the product rule to  

3 x 2 y 3 . ( 3 x 2 ) 2 ( y 3 ) 2

apply the product rule to  

3 x 2 . 3 2 ( x 2 ) 2 ( y 3 ) 2

raise  

3

to the power of  

2 . 9 ( x 2 ) 2 ( y 3 ) 2 multiply the exponents in   ( x 2 ) 2

.

apply the power rule and multiply exponents,  

( a m ) n = a m n . 9 x 2 ⋅ 2 ( y 3 ) 2

multiply  

2   by   2 . 9 x 4 ( y 3 ) 2

multiply the exponents in  

( y 3 ) 2 .

apply the power rule and multiply exponents,  

( a m ) n = a m n . 9 x 4 y 3

⋅

2

multiply  

3   by   2 . 9 x 4 y 6

step-by-step explanation:

5

step-by-step explanation: