Majority of the southern economy depended on slave labor
Answer:
119.24
Explanation:
Step 1: We make the assumption that 369 is 100% since it is our output value.
Step 2: We next represent the value we seek with x.
Step 3: From step 1, it follows that 100%=36.
Step 4: In the same vein, x% = 440.
Step 5: This gives us a pair of simple equations:100%=369(1) 440(2) = x%
Step 6: By simply dividing equation 1 by equation 2 and taking note of the fact that both the LHS(left hand side) of both equations have the same unit (%); we have 100%/x% = 369/440
Step 7: Taking the inverse (or reciprocal) of both sides yields x%/100% = 440/369
Therefore, 440 is 119.24% of 369.
The two (2) information that are essential for completing an initial mortgage loan application include:
- Proof of income.
- Current debts and credit history.
<h2>
What is a mortgage loan?</h2>
A mortgage loan can be defined as a secured loan that is typically used to finance (purchase) or maintain a property in real estate such as a land, home, etc.
<h3>
The feature of a mortgage loan.</h3>
Basically, a mortgage loan is usually provided to a borrower by a mortgage lender or a financial institution (bank) while an immovable asset (collateral) is promised by the borrower to the mortgage lender in the event that payments are stopped.
During the application of a mortgage loan, the borrower uses his or her home as a collateral. Thus, these two (2) information are essential for completing an initial mortgage loan application:
- Current debts and credit history.
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