The answer is (D). There are many factors in the highway traffic system such as the environment, Highways, and Drivers but, Car washes are not a part of the system
$352,696 lender stand to lose in the absence of pmi. A borrower may be required to PMI as a condition of obtaining a conventional mortgage loan.
<h3>What is Private Mortgage Insurance (PMI) ?</h3>
Private mortgage insurance (PMI) is a type of insurance that a borrower might be required to buy as a condition of a conventional mortgage loan. When a buyer puts down less than 20% of the home's price, the majority of lenders demand PMI.
In contrast to most insurance types, this one safeguards the lender's investment in the house, not the policyholder. However, PMI enables some people to purchase a home more quickly. PMI makes it possible for people to get financing if they decide to put down between 5% and 19.99% of the home's cost.
It does, however, incur additional monthly expenses. Until they have built up enough equity in the property that the lender no longer views them as high-risk, borrowers must continue to pay their PMI.
Formula for calculating PMI :Divide the loan amount by the property value. Then multiply by 100 to get the percentage. If the result is 80% or lower, your PMI is 0%, which means you don't have to pay PMI.
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Answer:
Number of year = 10 year
Explanation:
Given:
Principal = $1,500
Rate of interest = 10% = 0.1
Amount = 2 × Principal = 2 × $1,500 = $3,000
Interest = Amount - Principal = $3,000 - $1,500 = $1,500
Find:
Number of year = ?
Computation:
⇒ Interest = Principal × Rate of interest × Number of year
⇒ $1,500 = $1,500 × 0.1 × Number of year
⇒ $1,500 = $150 × Number of year
⇒ Number of year = $1,500 / $150
⇒ Number of year = 10 year
Answer:
Diversification is the process by which a company starts offering new products and enters a new one through corporate acquisitions or by investing directly in new businesses.
Answer:
15lbs of gourmet coffee and 5lbs of cheap coffee.
Explanation:
To solve this problem, we will use the substitution method. Step by step explanation:
1. Defining the variables:
- G: For gourmet coffee
- C: For cheap coffee
2. Setting up the equations:
We need to find a combination of G and C that will result in 20 pounds worth $8.50 per lbs. As such, we have:
- G + C = 20lbs
- $9.00G + $7.00C = $8.50/lbs x 20lbs
3. Solving equation 1 for any of the variables. We will go with variable G:
4. Substituting variable G in equation 2 to find C:
5. Substituting variable C in equation 1 to find the value of G:
Then, we need <em>15lbs</em> of gourmet coffee and <em>5lbs</em> of cheap coffee to have <em>20lbs</em> of coffee worth <em>$8.50/lbs.</em>
