Contemporary Mathematics for Business & Consumers - With LMS CengageNOW
8th Edition
ISBN: 9781337125468
Author: Brechner
Publisher: Cengage
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Question
Chapter 14.II, Problem 11RE
To determine
To calculate: The housing expense ratio and the total obligation ratio when the monthly gross income is
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Q9. If A and B are two events, prove that P(ANB) ≥ 1 − P(Ā) – P(B). [Note: This
is a simplified version of the Bonferroni inequality.]
Ruff, Inc. makes dog food out of chicken and grain. Chicken has 10 grams of protein and 5 grams of fat per ounce, and grain has 2 grams of protein and 2 grams of fat per ounce. A bag of dog food must contain at least 222 grams of protein and at least 162 grams of fat. If chicken costs 11¢ per ounce and grain costs 1¢ per ounce, how many ounces of each should Ruff use in each bag of dog food to minimize cost? (If an answer does not exist, enter DNE.)
Q6. Consider a situation where cars entering an intersection could turn right, turn left,
or go straight. An experiment consists of observing two vehicles moving through
the intersection.
(a) How many sample points are there in the sample space? List them.
(b) Assuming that all sample points are equally likely, what is the probability that
at least one car turns left?
(c) Again assuming equally likely sample points, what is the probability that at
most one vehicle turns right?
Chapter 14 Solutions
Contemporary Mathematics for Business & Consumers - With LMS CengageNOW
Ch. 14.I - What is the monthly payment and total interest on...Ch. 14.I - Prob. 2TIECh. 14.I - Prob. 3TIECh. 14.I - Prob. 4TIECh. 14.I - Prob. 5TIECh. 14.I - Using Table 14-1 as needed, calculate the required...Ch. 14.I - Prob. 2RECh. 14.I - Using Table 14-1 as needed, calculate the required...Ch. 14.I - Prob. 4RECh. 14.I - Prob. 5RE
Ch. 14.I - Prob. 6RECh. 14.I - Using Table 14-1 as needed, calculate the required...Ch. 14.I - Prob. 8RECh. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - As one of the loan officers for Grove Gate Bank,...Ch. 14.I - Ben and Mal Scott plan to buy a home for $272,900....Ch. 14.I - 16. Michael Sanchez purchased a condominium for...Ch. 14.I - 17. Luis Schambach is shopping for a 15-year...Ch. 14.I - 18. Phil Pittman is interested in a fixed-rate...Ch. 14.I - 19. Larry and Cindy Lynden purchased a townhome in...Ch. 14.I - Heather Gott bought a home with an adjustable-rate...Ch. 14.I - Joe and Gloria Moutran art purchasing a house in...Ch. 14.I - 22. You are a real estate broker for Aurora...Ch. 14.II - Justin Schaefer owns a home that was recently...Ch. 14.II - Roman Bass cams a gross income of $3,100 per...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - For the following second mortgage applications,...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Calculate the housing expense ratio and the total...Ch. 14.II - Prob. 10RECh. 14.II - Prob. 11RECh. 14.II - Prob. 12RECh. 14.II - Prob. 13RECh. 14.II - Prob. 14RECh. 14.II - Use Exhibit 14-4, Lending Ratio Guidelines, on...Ch. 14.II - 16. Ronald and Samantha Brady recently had their...Ch. 14.II - Prob. 17RECh. 14.II - Ransford and Alda Mariano own a home recently...Ch. 14.II - Prob. 19RECh. 14.II - Jamie and Alice Newmark have a combined monthly...Ch. 14.II - Prob. 21RECh. 14.II - According to moncy.CNN.com. with mortguge rates...Ch. 14 - 1. Land, including permanent improvements on that...Ch. 14 - A(n) ___________ is a loan in which real property...Ch. 14 - Mortgage ___________ points are an extra charge...Ch. 14 - Prob. 4CRCh. 14 - 5. A(n) ___________ account is a bank account used...Ch. 14 - Prob. 6CRCh. 14 - Prob. 7CRCh. 14 - Prob. 8CRCh. 14 - Prob. 9CRCh. 14 - Prob. 10CRCh. 14 - A home equity ___________ is a lump-sum second...Ch. 14 - Prob. 12CRCh. 14 - Prob. 13CRCh. 14 - Prob. 14CRCh. 14 - Prob. 1ATCh. 14 - Prob. 2ATCh. 14 - Suzanne Arthurs purchased a home with a $146,100...Ch. 14 - Prob. 4ATCh. 14 - Prob. 5ATCh. 14 - Prob. 6ATCh. 14 - Prob. 7ATCh. 14 - Prob. 8ATCh. 14 - Prob. 9ATCh. 14 - Prob. 10ATCh. 14 - Prob. 11ATCh. 14 - 12. Dale Evans bought the Lazy D Ranch with an...Ch. 14 - 13. Diversified Investments purchased a 24-unit...Ch. 14 - Larry Mager purchased a ski lodge in Telluride for...Ch. 14 - 15. A Denny’s Restaurant franchisee is looking for...Ch. 14 - Prob. 16ATCh. 14 - Adam Marsh is purchasing a $134,000 condominium...Ch. 14 - Prob. 18ATCh. 14 - Prob. 19ATCh. 14 - Prob. 20ATCh. 14 - 21. Phil Armstrong earns a gross income of $5,355...Ch. 14 - 22. Magda Leon is applying for a home mortgage...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- 3. In the space below, describe in what ways the function f(x) = -2√x - 3 has been transformed from the basic function √x. The graph f(x) on the coordinate plane at right. (4 points) -4 -&- -3 -- -2 4 3- 2 1- 1 0 1 2 -N -1- -2- -3- -4- 3 ++ 4arrow_forward2. Suppose the graph below left is the function f(x). In the space below, describe what transformations are occuring in the transformed function 3ƒ(-2x) + 1. The graph it on the coordinate plane below right. (4 points)arrow_forward1 1. Suppose we have the function f(x) = = and then we transform it by moving it four units to the right and six units down, reflecting it horizontally, and stretching vertically by 5 units. What will the formula of our new function g(x) be? (2 points) g(x) =arrow_forward
- Suppose an oil spill covers a circular area and the radius, r, increases according to the graph shown below where t represents the number of minutes since the spill was first observed. Radius (feet) 80 70 60 50 40 30 20 10 0 r 0 10 20 30 40 50 60 70 80 90 Time (minutes) (a) How large is the circular area of the spill 30 minutes after it was first observed? Give your answer in terms of π. square feet (b) If the cost to clean the oil spill is proportional to the square of the diameter of the spill, express the cost, C, as a function of the radius of the spill, r. Use a lower case k as the proportionality constant. C(r) = (c) Which of the following expressions could be used to represent the amount of time it took for the radius of the spill to increase from 20 feet to 60 feet? r(60) - r(20) Or¹(80-30) r(80) - r(30) r-1(80) - r−1(30) r-1(60) - r¹(20)arrow_forward6. Graph the function f(x)=log3x. Label three points on the graph (one should be the intercept) with corresponding ordered pairs and label the asymptote with its equation. Write the domain and range of the function in interval notation. Make your graph big enough to see all important features.arrow_forwardFind the average value gave of the function g on the given interval. gave = g(x) = 8√√x, [8,64] Need Help? Read It Watch Itarrow_forward
- 3. Mary needs to choose between two investments: One pays 5% compounded annually, and the other pays 4.9% compounded monthly. If she plans to invest $22,000 for 3 years, which investment should she choose? How much extra interest will she earn by making the better choice? For all word problems, your solution must be presented in a sentence in the context of the problem.arrow_forward4 πT14 Sin (X) 3 Sin(2x) e dx 1716 S (sinx + cosx) dxarrow_forwardLet g(x) = f(t) dt, where f is the function whose graph is shown. 3 y f(t) MA t (a) At what values of x do the local maximum and minimum values of g occur? Xmin = Xmin = Xmax = Xmax = (smaller x-value) (larger x-value) (smaller x-value) (larger x-value) (b) Where does g attain its absolute maximum value? x = (c) On what interval is g concave downward? (Enter your answer using interval notation.)arrow_forward
- 2. Graph the function f(x)=e* −1. Label three points on the graph (one should be the intercept) with corresponding ordered pairs (round to one decimal place) and label the asymptote with its equation. Write the domain and range of the function in interval notation. Make your graph big enough to see all important features. You may show the final graph only.arrow_forwardansewer both questions in a very detailed manner . thanks!arrow_forwardQuestion Considering the definition of f(x) below, find lim f(x). Select the correct answer below: -56 -44 ○ -35 ○ The limit does not exist. x+6 -2x² + 3x 2 if x-4 f(x) = -x2 -x-2 if -4x6 -x²+1 if x > 6arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Discrete Mathematics and Its Applications ( 8th I...MathISBN:9781259676512Author:Kenneth H RosenPublisher:McGraw-Hill Education
Mathematics for Elementary Teachers with Activiti...MathISBN:9780134392790Author:Beckmann, SybillaPublisher:PEARSON
Thinking Mathematically (7th Edition)MathISBN:9780134683713Author:Robert F. BlitzerPublisher:PEARSON
Discrete Mathematics With ApplicationsMathISBN:9781337694193Author:EPP, Susanna S.Publisher:Cengage Learning,
Pathways To Math Literacy (looseleaf)MathISBN:9781259985607Author:David Sobecki Professor, Brian A. MercerPublisher:McGraw-Hill Education
Discrete Mathematics and Its Applications ( 8th I...
Math
ISBN:9781259676512
Author:Kenneth H Rosen
Publisher:McGraw-Hill Education
Mathematics for Elementary Teachers with Activiti...
Math
ISBN:9780134392790
Author:Beckmann, Sybilla
Publisher:PEARSON
Thinking Mathematically (7th Edition)
Math
ISBN:9780134683713
Author:Robert F. Blitzer
Publisher:PEARSON
Discrete Mathematics With Applications
Math
ISBN:9781337694193
Author:EPP, Susanna S.
Publisher:Cengage Learning,
Pathways To Math Literacy (looseleaf)
Math
ISBN:9781259985607
Author:David Sobecki Professor, Brian A. Mercer
Publisher:McGraw-Hill Education
Use of ALGEBRA in REAL LIFE; Author: Fast and Easy Maths !;https://www.youtube.com/watch?v=9_PbWFpvkDc;License: Standard YouTube License, CC-BY
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY