Answer:
The picture shows the answer on the graph
Step-by-step explanation:
-2=-3/4×(x-6)
Distribute -3/4 through the parenthesis
-2= -3/4x+9/2
Multiply both sides of the equation by 4
-8=-3x+18
Move the variable to the left side and change its sign
3x-8=18
Move constant to the right side and change its sign
3x=18+8
Add the numbers
3x=26
Divide both sides of the equation by 3
x=26/3
Alternative Form- x=8 2/3 or x=8.6
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:
do you have any options to choose from
Answer:
The answer is 28.
Step-by-step explanation:
To find the solution, you must multiply the other two numbers together to find the original number that is divided.
-7 * -4 = 28 Answer
28/-7 = -4
Hope this helps!
I would start at making it more easy by asking my dad or mom for help
