**NEED STEP-BY-STEP** You work for a lending institution and are tasked with whether or not to approve a home loan. All applicants are required to have a 20% down payment, and the standard 28/36 ratio is used

The loan application is for $230,000. You see that the applicant has an annual salary of $83,000 and a savings account balance of $50,000. The applicant also has a car payment of $315, a student loan of $140 and a boat loan of $96.

How likely are you to approve the loan?
a. Very likely; recurring debt is considerably less than what is allowed.
b. Somewhat likely; recurring debt is very close 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.

**The answer is B, but I don't really understand how to get there**

What two consecutive odd integers have a sum of -28

The verbal translation for the difference of m and 7 increased by 15

The rate of decay of a radioactive substance depends upon the amount present initially. the mass y (mg) of the radioactive substance cobalt-60 present in a sample at time t (years) is represented by the exponential equation y=50e −0.1315 t . answer the following questions in complete sentences. 1. how does the exponential equation above compare to the equation for simple interest that is compounded continuously? explain the similarities. 2. what is the initial amount of cobalt-60 in the sample? 2. how much cobalt-60 is left after 8.4 years? show your work. 3. what would be the y-intercept of the graph? what does it represent? 4. after how many years will the amount of cobalt-60 left be 6.25 mg? explain what happens to the cobalt-60 after 50 years? 5. discuss some “real-world” examples and uses of cobalt-60