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.

they are simplified

step-by-step explanation:

pakistan's principal natural resources are arable land and water. about 25% of pakistan's agriculture accounts for about 21% [1] of gdp and employs about 43% of the labour force. in pakistan, the most agricultural province is punjab where wheat and cotton are the most grown.