The lender’s good faith estimate is that he made a poor estimate; it was off by more than 0.5% of the actual closing costs.
<h3>What is closing cost?</h3>
All the expenduture and charges charged by a lander and other parties is called the closing cost.
A lender estimates the closing costs on a home loan will be 3.75% of the loan amount of $120,000. Thus, the estimate closing cost is,
The actual closing costs are listed below.
- Loan origination $300
- Title insurance $600
- Attorney’s fees $1,250
- Appraisal $550
- Inspection $525
- Recording fees $125
- Escrow $2,000.
The total annual cost is,
Total annual cost is $300 more than the estimate closing cost. In the percentage form,
Thus, the lender’s good faith estimate is that he made a poor estimate; it was off by more than 0.5% of the actual closing costs.
Learn more about the closing cost here;
brainly.com/question/20108287
Additive inverses are numbers that when added to another number equal 0. The additive inverse of 5 is -5 and the additive inverse of 6 is -6. Therefore, the new expression is -5-(-6) or -5+6.
Let the number of chickens = c.
Let the number of pigs = p.
A chicken has 1 head and 2 legs.
c number of chickens have c heads and 2c legs.
A pig has 1 head and 4 legs.
p number of pigs have p heads and 4p legs.
There are 40 heads.
Equation for heads:
c + p = 40
There are 110 legs.
Equation for legs:
2c + 4p = 110
System of equations:
c + p = 40
2c + 4p = 110
Solve the first equation of the system of equations for c:
c = 40 - p
Substitute 40 - p for c in the second equation:
2c + 4p = 110
2(40 - p) + 4p = 110
80 - 2p + 4p = 110
80 + 2p = 110
2p = 30
p = 15
Now substitute p = 15 in the first equation to find c.
c + p = 40
c + 15 = 40
c = 25
There are 25 chickens and 15 pigs.
Lets say she has x money
Now she spent 3/5of x means 2/5 is left
2/5*x=45
x=112.5
The polynomial p(x) can be found by multiplying 'x-3' to every term
Now distribute and you have your answer.
