To find what the value of the digit 8 is, we can start by moving from the right. In a number, the place value goes (from right to left) ones, tens, hundreds, thousands, ten-thousands, hundred-thousands, millions and so on. Now we can find out what each of the numbers is.
Since 3 is the first, that means 3 is in the ones place.
Since 9 is second, that means that 9 is in the tens place.
Since 2 is third, that means that 2 is in the hundreds place.
Since 6 is fourth, that means that 6 is in the thousands place.
Now, we have 8. Since 8 is fifth, that means that 8 is in the ten-thousands place. But that's not the value of the eight. The value of the 8 would be it's place value (10,000) times 8. 10,000 * 8 = 80,000, so the value of the digit 8 in the number 686293 is 80,000.
Answer:
Step-by-step explanation:
Answer:
22
Step-by-step explanation:
In this sequence, the next number is found by adding 4.
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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