Let, his original money = x
It would be: x * 1/2 = 120
x = 120 * 2
x = 240
In short, Your Answer would be $240
Hope this helps!
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.
Learn more about mortgage payment from here brainly.com/question/10400598
#SPJ1
To find the number of words she can read per minute, we would do 560 divide by 7 minutes
560/7 = 80 words per minute
Hope this helps
P=2(L+W)
if length=7
and P=24
24=2(7+W)
divide both sdes by 2
12=7+W
minus 7both sides
5=W
width=5meters
Answer:14.4 years
Step-by-step explanation:i asked jesus and he said 14.4 jesus is and always will be the answer
