.bertha dived 8 times more then vernon 54/8 = 6
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:
0.375
Step-by-step explanation: All you need to do is divide 3 and 8
The conversion factor between kilo and base unit which is grams in this question is 1000 so there is 1000 grams in 1 kilogram so first we need to convert kilograms to grams so we multiply by 1000 so 30kgx1000= 30000 grams so to find the number of crayons then we divide by 30 which is the mass of one crayon to find out how many we need so 30000/30= 1000 so you would need 1000 crayons
