You are ready to buy a house, and you have $31,000 for a down payment and closing costs. Closing costs are estimated to be 4% of the loan value. You have an annual salary of $36,000, and the bank is willing to allow your monthly mortgage payment to be equal to 28% of your monthly income. The interest rate on the loan is 6% per year with monthly compounding (0.5% per month) for a 30-year fixed rate loan. How much money will the bank loan you?

Ted and meg have each drawn a line on the scatter plot shown below: the graph shows numbers from 0 to 10 on x and y axes at increments of 1. dots are made at the ordered pairs 1, 8 and 2, 7.5 and 3, 6 and 4, 5.5 and 4.5, 4.8 and 5, 4 and 6, 3.5 and 7, 3 and 8, 1.9 and 9, 1.2 and 10, 0. a straight line labeled line p joins the ordered pairs 0, 8.5 and 10.1, 0. a straight line labeled line r joins the ordered pairs 0, 8.5 and 7.8, 0. which line best represents the line of best fit? line p, because it is closest to most data points line p, because it shows a positive association line r, because it is closest to most data points line r, because it shows a negative association