Answer:
14 Letters and 5 Postcards
Step-by-step explanation:
Answer:
12
Step-by-step explanation:
4/5 x -6 = -2
4 x -30 = -10
-120 = -10
12
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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Sam would have to pay $510 to buy 5 shirts and 2 suck belts.
Step-by-step explanation:
Let,
Cost of one shirt = x
Cost of one belt = y
According to given statement;
6x+4y = 660 Eqn 1
x = 3y Eqn 2
Putting value of x from Eqn 2 in Eqn 1

Dividing both sides by 22

Putting y=30 in Eqn 2

One shirt costs $90 and one belt cost $30.
Price of 5 shirts = 90*5 = $450
Price of 2 belts = 30*2 = $60
Total = 450+60 = $510
Sam would have to pay $510 to buy 5 shirts and 2 suck belts.
Keywords: linear equation, addition
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