Answer:
A = 1cm*pi
Step-by-step explanation:
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.
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Answer:
663
Step-by-step explanation:
ratio of Malay = 5
ratio of Indian= 4
ratio of Chinese= 8
Total number of Indian + Chinese= 468
Total ratio= 5+4+8= 17
Let the total number of students= X
Ratio of India= 4/17 × X=
Ratio of Chinese= 8/17 × X=
Addition of ratio of both India and Chinese=
4X/17 + 8X/17= 468
(4X +8X)/17 = 468
12X/17= 468
X= 663
Hence, total number of students is 663
Answer:
-22
Step-by-step explanation:
The function y=400-22x is a linear equation in the form y=mx + b. Although they put "mx" after "b" so the equation doesn't start with a negative.
"m" is rate of change, or the slope if graphed.
The negative means "y" decreases as "x" increases. On a graph, it decreases left to right.