Answer:
y = -1/2x + 2
Step-by-step explanation:
A line in slope-intercept form in y = mx + b
"m" is the slope
"b" is the y-intercept
x and y represent points on the graph
To write an equation, you need "m" and "b".
We already know m = -1/2
The point (0, 2) is the y-intercept. The y-intercept occurs when x = 0.
Points are in the form (x , y), so x = 0 and y = 2.
Therefore b = 2.
Substitute m = -1/2 and b = 2 into the equation:
y = mx + b
y = -1/2x + 2
This is true, because there is an infinite amount of real numbers in both, and they are both countably infinite (so these infinities are equal). Hope this helps!
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:
Answer in terms of a trigonometric function :
Answer in figures
Step-by-step explanation:
Consider the sketch attached below to better understand the problem.
Let x be the distance between point B and the base of the water tower.
From equation 2,
substituting the value of x into equation 1, we get
cross multiplying,
The height of the tower is in terms of the trig function "Tan"
The equation can simply be evaluated to get the answer in figures since the angles are given in the question
