Answer:
$637.50
Step-by-step explanation:
According to the Question,
- Given That, A seller of the property listed at $200,000 excepted a 90% offer the home appraised at $185,000 and the buyers obtained a loan for 85% for 30 years at 5% interest
Thus, the first months interest is
$200,000 list price x 0.90 = $180,000 contract sales price.
Since lender always uses the less of the appraised value or the contract sales price, use $180,00 for the remainder of the calculations.
- $180,000 contract sales price x 0.85 LTV = $153,000 loan.
- $153,000 loan x 0.05 interest rate = $7,650 annual interest.
- $7,650 ÷ 12 = $637.50 monthly interest payment for the first month.
Answer:
Let's simplify step-by-step.
4x+1+17
Combine Like Terms:
=4x+1+17
=(4x)+(1+17)
=4x+18
Answer:
=4x+18
Final result : -77
Step by step solution :
Step 1 :
49
Simplify ——
1
Equation at the end of step 1 :
((5 - ((49 - 5) • 2)) + 9) - 3
Step 2 :
Final result :
-77
Hope this helps!
