Answer:3/5
Step-by-step explanation:
Answer:
1440 mL
Step-by-step explanation:
2 hours = 120 minutes
120/5 = 24
24 * 60 = 1440
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Answer:
y = -2
Step-by-step explanation:
The horizontal line through this point has a slop of 0
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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Hi!
So for this problem, we're given the y-coordinate and we can plug that in for y in the equation. So let's do that
-1 = -3/5x - 7
6 = -3/5x
30 = -3x
-10 = x
The missing coordinate would be x, assuming that the equation was y = (-3/5)x - 7
