Answer:
the point (0,6) is the point that is 1/6 of the way
Answer: 19,415,000
I think
Step-by-step explanation:
Hope this helps!! :)
A square has the same length on all of it's sides. The area of a square is side times side. So it's 2.2×2.2=?
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.
Learn more about mortgage payment from here brainly.com/question/10400598
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Correct Question:
At a bake sale, plates of cookies, p, are sold for $5 each. The amount of money from the sale of cookies is expressed as dollars, d. Which equation represents the earnings of the bake sale?
1. p = 5d
2. d = p + 5
3. d = 5p
Answer:
3. d = 5p
Step-by-step explanation:
As one plate of cookies price is 5 $
The d is expressed as numbers of dollars which are earned.
Earnings = d = 5 x number of plates sold (p)
therefore
d = 5p
