Answer:
The answer is 19
Step-by-step explanation:
I'm pretty sure the answer is 19
Answer:
Step-by-step explanation:
Let the two numbers be 2x and 3x.
According to the question,
2x+3x=45
5x=45
x=45/5
x=9
so th required numbers are 18 and 27 as
2x=2*9=18
3x=3*9=27
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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Step-by-step explanation:
Find the mean of the following<br>
data set.<br>
1,1,2,4,6,7,7,8,9,10,12,13,17,17,18
lisabon 2012 [21]
Answer:
8.8
Step-by-step explanation:
Add all numbers together to get 132
All number of numbers together to get 15
Divide the sum of all numbers by the number of numbers:
132/15
8.8
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