Answer:
The amount of down payment needed to qualify for the loan is $ 4,763.90
Step-by-step explanation:
The question stated that the private mortgage insurance finances 95% of the loan which is the same as the 95% of the value of the home the borrower have in mind.
Availability of 95% mortgage financing implies that the borrower needs to make a down payment of the remaining 5%.
As a result,the borrower would make a down payment of $4,763.90 ($95,278*5%)
Answer:
or 9
Step-by-step explanation:
1. Set up the problem:
÷ 
2. Replace the division sign with a multiplication sign:
× 
3. Find the reciprocal by swapping the numerator and denominator on the second fraction:
× 
4. Multiply fractions:
×
=
or 9
42,000 split into 10 is 4,200
if you meant 4 of those then it would be 16,800
Answer: 1384.74
Step-by-step explanation:
A=πr^2
radius=42/2=21
(3.14)(21)^2
3.14(441)
1384.74