Answer:
22/25
Step-by-step explanation:
66/75 = 22/25
Input into equation to confirm
75 · 22/25 = 66
1650/25 = 66
66 = 66, so we're right
Answer:
come back
Step-by-step explanation:
If $600=6 tons
$600=6*2000
$600=12,000
12000/$600=$20
It’s $20 per pound
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.
