You have found a home that you are interested in purchasing. Instead of a conventional loan, you agree to pay the premium for th
e private mortgage insurance (PMI), which finances 95% of the loan. The amount of the home is listed at $125,000. From the given information, determine the amount needed for the down payment to qualify for the PMI loan. a.
$6,250
c.
$625
b.
$118,750
d.
$62,500
We know that each carton contains 6 eggs and we need a total of 225. To find this answer, divide 225 by 6, which is 37.5. We would have to round up one because you cannot buy half of a carton. So the answer is 38 cartons.
