Answer:
255.5 miles
Step-by-step explanation:
146 miles - 2 hours
x miles - 3.5 hours
Cross multiply
2x = 146 x 3.5
2x = 511
Divide both sides by 2
x = 511/2
x = 255.5 miles
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:
Step-by-step explanation:
To find the average rate of change of a function over a given interval, basically you need to find the slope. The mathematical definition of the slope is very similar to the one we use every day. In mathematics, the slope is the relationship between the vertical and horizontal changes between two points on a surface or a line. In this sense, the slope can be found using the following expression:
So, the average rate of change of:
Over the interval
Is:
Therefore, the average rate of change of this function over that interval is 3.
Answer:
the answer is 3 feet
Step-by-step explanation:
We can use the volume formula, V =1/2 bhl to find the height of the tent
the volume is . The base is 4 and the length is 6 feet
36=1/2 ⋅4⋅h⋅6
36=12h
3=h
The height of <em>the tent is 3 feet.</em>