$3
its like a pack of 12 magazines costing $36 and you asked the cost of one magazine
by proportion; let average be=?
12~$36
1~?
1/12=?/36
?=(1/12)*36
?=3=average
The minimum down payment she needs to avoid PMI is $31,000 because a minimum 20% of down payment made the loan LTV goes below 80%. The Private Mortgage Insurance is an insurance for the private bank loan which has above 80% Loan to Value ratio or LTV for short. This insurance aims to shift the risk of the unpaid above 80% LTV loan from the debtor to an insurance company.
Answer:
it is already in scientific notation
Answer:
y=-20x+450
Step-by-step explanation:
Since Lori has 450$ initially, this can be modeled as our y-intercept of our function, or the <em>b </em>in y=mx+b. Since she's withdrawing 20$ a month to pay for the membership, she's losing 20$, which is why the 20 is negative in the equation. Let <em>x</em> be any amount of months, and <em>y</em> will be the balance of Lori's account at that month <em>x</em>.