Answer:
600 ft per side
Step-by-step explanation:
1 in = 200 feet
12 in = 1 foot
12 in * 200 ft= 2400 ft
2400/4 = 600 ft per side
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.
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Answer:
slope =0
Step-by-step explanation:
Given that the vertices of a rectangle in the standard (x,y) coordinate plane are (0,0), (0,4), (7,0), and (7,4).
The rectangle has length = 7 and width =4
We know rectangle has two lines of symmetry which are i) vertical line through mid point ii) Horizontal line through mid point
Since the line passes through (2,2) we have the line as middle line.
Hence the required line is
Slope of the line =0
2.74 liters since 1000mL is a liter.
Answer:
All three chose a valid first step toward solving the equation.
All approaches are algebraically correct
