Using the 28/36 ratio, determine the maximum allowable recurring debt for someone with a monthly income of $3,200. a. $256 b. $512 c. $640 d. $896

a. $256.

Step-by-step explanation:

We are asked to find the the maximum allowable recurring debt for someone with a monthly income of $3,200 using 28/36 ratio.

Since 28/36 rule states that hat a household should spend at-most 28% of its gross monthly income on total housing expenses and at-most 36% on total debt service.

So the maximum allowable recurring debt for someone with a monthly income of $3,200 will be equal to 36% of $32,00 minus 28% of $3200.

Since the base amount for both rates is same, so we can also find 8%(36%-28%) of $3200.

Therefore, the maximum allowable recurring debt for someone with a monthly income of $3,200 will be $256 and option a is the correct choice.

30 miles

step-by-step explanation:

we know that 60 seconds equals 1 minute and 60 minutes 1 hour

44 ft       60 sec     60 min     158400   ft

  *   *   =

1 sec       1 min       1 hour         hour

we know that there are 5280 ft per mile

158400   ft       1 mile         30 miles

  *   =

1   hour               5280 ft     1 hour

so in 1 hour   it can travel 30 miles

well we know there are 4 clubs in 52 cards so it’s replaced so it should be 3/51

step-by-step explanation: