3.7/2 = 1.85
2 goes into 3 1 time.
you have a remainder of 1
That one gets a 7 after it
now you have 17
2 goes into 17 8 times
remainder of 1
bring down the 0 that's there, but is not shown because it's not important in standard form or decimals.
You get 10 and that's 5
so you have 1.85
1.85$
Answer:
m = -1/2
Step-by-step explanation:
m = y1 - y2/x1 - x2
2 - 0/0 - 4
-2/4
Simplify
-1/2
Based on the information provided, it can be inferred that the lender made an excellent estimate; was equal to actual closing costs (option A)
<h3>How do you know what the lender's estimate was?
</h3>
Based on the information provided, the lender estimated that the closing cost is equal to 3% of the $ 180,000 loan. To calculate that value we must do the following operation:
- $ 180,000 / 100 x 3% = $ 5,400.
Based on the above, the estimated closing cost for that loan is $ 5,400.
<h3>How to know the real cost of closing the loan?
</h3>
To know the real cost of the loan closing we must add the following values:
- Closing Cost Charge Loan origination $ 345
- Title insurance $ 600
- Attorney's fees $ 1,350
- Appraisal $ 480
- Inspection $ 550
- Recording fees $ 175
- Escrow $ 1,900
$ 1,900 + $ 175 +% 550 + $ 480 + $ 1,350 + $ 600 + $ 345 = $ 5,400.
According to the above, the lender made a very precise estimate because his calculation hit the exact value of the closing cost (option A)
Learn more about lender in: brainly.com/question/3268275
Assets=liability+owner's equity
(275000+12000+3000+2700)=(195000+7500+1500)+owners equity
Owner's equity=assets-liability
Owner's equity=292,700−204,000
Owner's equity=88,700
