Solution-Order to qualify for the loan

Order to qualify for the loan

Assignment Help Basic Computer Science

Reference no: EM131206016

Suppose that in order to qualify for the loan, the total monthly amount paid cannot exceed 30 percent of monthly income. What is the minimum monthly income needed to qualify for the loan? What is the minimum annual income needed? (Note: This is a simplified minimum income requirement calculation, for the purposes of this activity, as it does not take into account other costs such as insurance or other loans or assets currently held.)

Reference no: EM131206016

Questions Cloud

Are these apps substitutes or complements for smartphones : Are these apps substitutes or complements for smartphones? How has the increase in the availability of apps for these smartphones affected the demand or Apple iPhones? Briefly explain.

Describe the problem from a research perspective : Describe the problem from a research perspective along with its significance in society. This is a simple paper that guides the rest of your research design projects later in the course.

Average return for the stock market : What is the annual rate of return if someone had paid $10 for it in 1894 and the family sold it in 2005 (Assume 110 years later) for $ 1,322,500?Was this a great investment considering what you have learned about the average return for the stock ..

How industry involves the guest in order to provide service : Describe how the industry involves the guest in order to provide quality service. Summarize two service standards the industry uses to meet customer expectations.

Order to qualify for the loan : Suppose that in order to qualify for the loan, the total monthly amount paid cannot exceed 30 percent of monthly income. What is the minimum monthly income needed to qualify for the loan?

Do you support idea of globalising the australian economy : Do you support the idea of globalising the Australian economy? Why. Why not? In writing your answer, wherever possible, back up your arguments with the theory, research articles or statistical evidence.

Determine the time constant of the circuit : Determine the time constant of the circuit when the switch is thrown into position 1. - Find the mathematical expression for the voltage across the capacitor after the switch is thrown into position 1.

Operating budget and a capital budget : What is a major difference between an operating budget and a capital budget?

Perform a stock valuation prior : You have been asked to perform a stock valuation prior to the annual shareholders meeting next week. The two models you've selected to value the firm are 1) the dividend discount model and 2) the discounted cash flow model. Explain why the estimat..

User Account

All Pages

Order to qualify for the loan

Reference no: EM131206016

Reference no: EM131206016

Questions Cloud

Reviews

Write a Review

Basic Computer Science Questions & Answers

Identifies the cost of computer

Input devices

Cores on computer systems

Prepare an annual budget in an excel spreadsheet

Write a research paper in relation to a software design

Describe the forest, domain, ou, and trust configuration

Construct a truth table for the boolean expression

Evaluate the cost of materials

The marie simulator

What is the main advantage of using master pages

Describe the three fundamental models of distributed systems

Distinguish between caching and buffering

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT