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sleet_krkn [62]
3 years ago
15

A lender estimates the closing costs on a home loan will be 3% of the loan amount of $180,000. The actual closing costs are list

ed below.
Closing Cost
Charge
Loan origination
$345
Title insurance
$600
Attorney's fees
$1,350
Appraisal
$480
Inspection
$550
Recording fees
$175
Escrow
$1,900

Evaluate the lender's good faith estimate.
a.
The lender made an excellent estimate; it was equal to the actual closing costs.
b.
The lender made a very good estimate; it was within 0.25% of the actual closing costs.
c.
The lender made a fairly good estimate; it was between 0.25% and 0.5% of the actual closing costs.
d.
The lender made a poor estimate; it was higher than 0.5% of the actual closing costs.
Mathematics
2 answers:
kvasek [131]3 years ago
8 0

Answer:

A

Step-by-step explanation:

EDGE2021

ElenaW [278]3 years ago
3 0

Answer:

a.

The lender made an excellent estimate; it was equal to the actual closing costs.

Step-by-step explanation: 100% on EDG. 2020

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Answer:

Step-by-step explanation:

find the attachment showing std normal curve symmetrical about y axis.

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1 year ago
In the derivation of Newton’s method, to determine the formula for xi+1, the function f(x) is approximated using a first-order T
dimaraw [331]

Answer:

Part A.

Let f(x) = 0;

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By second order Taylor approximation, we get

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So, we get the succeeding equation for Newton's method as

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Part B.

It is evident that Newton's method fails in two cases, as:

1.  if f''(x) = 0

2. if f'(x)² is less than 2f(x)f''(x)    

Part C.

In case  x_{i+1} is close to x_{i}, the choice that shouldbe made instead of ± in part A is:

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Part D.

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We get,

f(a) + hf'(a) +(h²/2)f''(a) = 0

or h² = -hf(a)/f'(a)

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So,                f(a) + hf'(a) - (f''(a)/2)(hf(a)/f'(a)) = 0

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