Answer: 6.25 miles
Step-by-step explanation:
Convert the 15 minutes to 1/4 hr or .25
now multiply 25*.25=6.25 miles
Answer:
Step-by-step explanation:
<em>Original question is attached</em>
<h3>Option 1</h3>
- C(x) = 25x + 50
- C(8) = 25*8 + 50 = $250
<h3>Option 2</h3>
- As per table, the rate of change is $30 per 2 hours.
- So 8 hours will cost
- $190 + $30 = $220
As we see the second option is cheaper so we should hire the Master Remodeling
The amount add to the borrower's monthly payment is $313.33.
Given that lender requires PMI that is 0.8% of the loan amount of $470,000.
A loan's PMI, or personal mortgage insurance, is a type of mortgage insurance used by lenders when making traditional loans such as home loans. A PMI helps cover the loss to the lender (bank) if the borrower stops making monthly mortgage payments on their home loan. Therefore, the PMI can be described as a kind of risk mitigation tool for the bank when the borrower defaults on their EMIs (monthly mortgage payments). So, PMI for a borrower is an additional cost or payment for the borrower on top of his monthly payments i.e. EMI.
Thus, the additional amount of dollars that the borrower has to pay for the PMI on his loan along with his monthly mortgage payments
= Principal Loan amount × (PMI/12)
= $470,000 × (0.8%/12)
= $470,000 × (0.008/12)
= $470,000 × 0.0006666667
=$313.333349
Hence, the additional monthly payment for PMI where lender requires PMI that is 0.8% of the loan amount of $470,000 is $313.33.
Learn more about mortgage payment from here brainly.com/question/10400598
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Answer:
The 5 unknown are 1 quarter, 3 dimes, and 1 penny.
