Answer:
prime mortgage insurance (PMI) is an insurance that mortgage lenders require when borrowers make a down payment of less than 20% of the purchase price of the house.
We are not given any table, so I looked in the internet to find one that can be used as an example:
outstanding principal = $142,000 - 17% = $117,860
- mortgage term equal or less than 15 years
- base loan amount is less than $625,000
- loan to value ratio = 1 - down payment = 83%, which means it is ≤ 90%
- bps = 45
total yearly premium = principal x bps = $117,860 x 0.0045 = $530.47
monthly PMI payment = $530.47 / 12 months = $44.20
90 days past due to be considered delinquent
Answer and Explanation:
The computation is shown below:
The Selling price per unit = $225,000 ÷ 7500 = $30
ANd,
Variable cost per unit = $135,000 ÷ 7500 = $18
a) Breakeven point = Fixed cost ÷ Contribution margin per unit
= $48,000 ÷ ($30 - $18)
= 4000 units
b) Breakeven dollars = Breakeven point × selling price per unit
= 4000 × 30
= $120,000
C) Margin of Safety in dollars = Sales Revenue - Breakeven dollars
= $225,000 - $120,000
= $105,000
d) Margin of Safety in percent
= $105,000 ÷ $225,000
= 46.67%
Observe cross-culture differences in etiquette.
The title to the property will be actually transfer or pass to the uncle where there is the delivery as well as acceptance of the deed.
<h3>What is deed?</h3>
The term Delivery of the signed deed is known to be a term that connote when a given grantor's is said to have the intention to convey title as well as the physical handing over of the deed to the grantee
Note that by doing so, the grantee's acceptance of the given deed is one that is known to be the immediate conveyance.
hence, The title to the property will be actually transfer or pass to the uncle where there is the delivery as well as acceptance of the deed.
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