Question

A lender estimates that the closing costs on a $220,400 home loan will be $6,612. The actual closing costs were 3.25% of the loan amount. Determine if the closing costs were higher or
lower than the estimate and by what percent?
higher by 0.25%
higher by 0.5%
lower by 0.25%
lower by 0.5%

Answer 1

Answer:

$1551yy445454(46 \frac{ \frac{ \frac{ \frac{654646 {?}^{2} }{?} }{?} }{?} }{?} = \sqrt[020311 {611351y84}^{?} \times \frac{?}{?} ]{?}$