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KiRa [710]
3 years ago
10

One hundred times the quantity six plus five

Mathematics
2 answers:
Andru [333]3 years ago
3 0
100 times (6+5)
100 times 11
100 groups of 11=1100
Hope I helped:)

jarptica [38.1K]3 years ago
3 0
100 ( 6 + 5 )

100 (11)

100 × 11

⇒ 1100.
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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

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