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.

if gloria has "carry over" minutes, (that is, any minutes paid for but not used in a month can be applied to her payment for minutes in the next month,) her total usage for the three months is: total minutes = 320 + 243 + 489 = 1052 minutes number of 200 minute blocks = 1052/200 = 5 r52 (that is 5 with a remainder of 52) rounding up the number of 200 minute blocks gives her usage for the three months as 6 blocks. the cost for six blocks is 6 x $25 = $150 she also has 200 - 52 or 148 carry over minutes if gloria pays each month and unused minutes are lost, applying the rounding up procedure to each month gives: first month usage of 320 minutes rounds up to 2 blocks of 200 minutes for a payment of 2 x $25 = $50 second month usage of 243 minutes rounds up to 2 blocks of 200 minutes for a payment of 2 x $25 = $50 third month usage of 489 minutes rounds up to 3 blocks of 200 minutes for a payment of 3 x $25 = $75 total payments for the three months are $50 + $50 + $75 = $175 get the plan with carry over minutes!

thus, the first answer choice, y = sec x, is the correct one