Answer:
system of equations are
y=53x + 10, y=55x
Step-by-step explanation:
y=mx+b where x is the number of tickets purchased and y is the total cost.
We need to frame the equation for each option
Option 1: $53 for each ticket plus a shipping fee of $10
1 ticket cost = 53
So x tickets cost = 53x
shipping fee = $10 so b= 10
So equation becomes y=53x + 10
Option 2: $55 for each ticket and free shipping
1 ticket cost = 55
So x tickets cost = 55x
shipping fee =0 so b= 0
So equation becomes y=55x
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
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Answer:
answer is 3 and ratio of two different numbers
The answer is: [D]: " C = 2 π r " .
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