19:15 will be the new time
6x−12+2x=3+8x−15
Simplify:
6x+−12+2x=3+8x+−15
(6x+2x)+(−12)=(8x)+(3+−15)(Combine Like Terms)
8x+−12=8x+−12
8x−12=8x−12
Subtract 8x from both sides.
8x−12−8x=8x−12−8x
−12=−12
Add 12 to both sides.
−12+12=−12+12
0=0
The real numbers are the only solution we can have.
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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Answer:
12
Step-by-step explanation:
These triangles are similar using the AA theroem. This means there sides are in corresponding proportion.
Side AR and Side TE are corresponding. Use this proportion.
This side the triangle SAR side lengths are 3/4 of side lengths of triangle SET.
We know that RS+ST=21
And that RS=3/4(ST).
x=12.
Side ST is 12
Answer:
12%, 1/8, 128/1,000, 0.13
Step-by-step explanation:
12% = .12
1/8 = .125
128/1000 = .128
0.13
