Answer:
$11
Step-by-step explanation:
![\left\begin{array}{c|ccc}&$Lose \$25&$Gain \$5&$Gain \$45\\$Stock ABC&40\%&15\%&45\%\end{array}\right](https://tex.z-dn.net/?f=%5Cleft%5Cbegin%7Barray%7D%7Bc%7Cccc%7D%26%24Lose%20%5C%2425%26%24Gain%20%5C%245%26%24Gain%20%5C%2445%5C%5C%24Stock%20ABC%2640%5C%25%2615%5C%25%2645%5C%25%5Cend%7Barray%7D%5Cright)
We want to calculate the expected gain or loss of Stock ABC with the probabilities above.
Note that loss is written in negative.
![E$xpected Value =$ (-25 \times 40\%)+(5 \times 15\%) + (45 \times 45\%)\\=(-25 \times 0.4)+(5 \times 0.15)+(45 \times 0.45)\\=-10+0.75+20.25\\=\$11](https://tex.z-dn.net/?f=E%24xpected%20Value%20%3D%24%20%28-25%20%20%5Ctimes%2040%5C%25%29%2B%285%20%20%5Ctimes%2015%5C%25%29%20%2B%20%2845%20%20%5Ctimes%20%2045%5C%25%29%5C%5C%3D%28-25%20%5Ctimes%200.4%29%2B%285%20%5Ctimes%200.15%29%2B%2845%20%5Ctimes%200.45%29%5C%5C%3D-10%2B0.75%2B20.25%5C%5C%3D%5C%2411)
Stock ABC has an expected gain of $11.
Answer:
start with your current mortgage balance. For a new mortgage, subtract your down payment from the home price. Calculate the LTV. Divide the loan amount by the property value.
Step-by-step explanation:
So basically the height is divided by a certain number to evenly divide it