Mathematics

Yadiel Whitney

16 February, 14:45

You work for a lender that requires a 15% down payment and uses the standard debt-to-income ratio to determine a person's eligibility for a home loan. Of the following, choose the person that you would rate the highest on their eligibility for a home loan.

Person A

Person B

Person C

Person D

home value

$95,000

$107,000

$120,000

$128,000

income

$46,000

$53,000

$58,000

$60,000

savings

$20,000

$13,910

$18,000

$19,200

recurring debt

$310

$198

$265

$400

a.

Person A

b.

Person B

c.

Person C

d.

Person D