A lender estimates the closing costs on a home loan will be 3% of the loan amount of $180,000. The actual closing costs are listed below.
Closing Cost
Charge
Loan origination
$345
Title insurance
$600
Attorney's fees
$1,350
Appraisal
$480
Inspection
$550
Recording fees
$175
Escrow
$1,900

Evaluate the lender's good faith estimate.
a.
The lender made an excellent estimate; it was equal to the actual closing costs.
b.
The lender made a very good estimate; it was within 0.25% of the actual closing costs.
c.
The lender made a fairly good estimate; it was between 0.25% and 0.5% of the actual closing costs.
d.
The lender made a poor estimate; it was higher than 0.5% of the actual closing costs.

Answers

Answer 1

An evaluation of the lender's good faith estimate shows a.  The lender made an excellent estimate; it was equal to the actual closing costs.

Data and Calculations:

Estimated rate of closing costs of loan = 3% of loan amount

Loan amount = $180,000

Estimated closing costs = $5,400 ($180,000 x 3%)

Actual closing costs incurred:

Loan origination                    $345

Title insurance                      $600

Attorney's fees                   $1,350

Appraisal                              $480

Inspection                            $550

Recording fees                     $175

Escrow                               $1,900

Total actual costs          $5,400

Actual costs in percentage = 3% ($5,400/$180,000 x 100)

Thus, the lender made an excellent estimation. It equals the actual closing costs.

Learn more: https://brainly.com/question/21448382

Answer 2

Answer:

maybe I'm wrong but I think is A.

Step-by-step explanation:


Related Questions

5/8 - 4/5 subtract as indicated and express your answer in lowest terms

Answers

Answer:

-7/40

Step-by-step explanation:

5/8 - 4/5

~Find common denominators

25/40 - 32/40

~Subtract

-7/40

Best of Luck!

If the length of a cube is 2cm then find the surface area of the cube?

Answers

Given:

Length of a cube is 2 cm

To Find:

Surface area of the cube

Solution:

A cube consists of 6 faces.

The area of each face = side x side

So, the total surface area of a cube = 6 x

side x side

Let a be the length of the given cube

: Surface area of a cube = 6a square

a = 2 cm (Given)

Surface area of cube = 6 x 22 =(6 x 4) = 24 cm square.

Hence, the surface area of the given

cube is 24cm square.

Hope it helps!

The graph below have the same shape . What is the equation of the red graph ?
A. G(x) = (7-x)^2
B. G(x) = 1-x^2
C. G(x) = 7-x^2
D. G(x) = (1-x)^2

Answers

Answer:

Option B is correct .

Step-by-step explanation:

According to Question , both the graph have same shape . If we look at the the first graph it cuts x - axis at (0 , 2) and ( 0 , -2) . Hence x = 2 and -2 are the zeroes of the equation .

And ,the given function is ,

[tex]\implies f(x) = 4 - x^2 \\\\\implies f(x) = 4-x^2=0 \\\\\implies 2^2-x^2=0\\\\\implies (2-x)(2+x) = 0 \\\\\boxed{\red{\bf \implies x = 2 , (-2) }}[/tex]

Hence ,we can can see that x = 2 and (-2) are the zeroes of graph.

This implies that if we know the zeroes , we can frame the Equation.

On looking at second parabola , it's clear that cuts x - axis at ( 1, 0 ) and (-1,0). So , 1 and -1 are the zeroes of the quadratic equation . Let the function be g(x) . Here , a and ß are the zeroes.

[tex] \begin{lgathered}\implies g(x) = (x-\alpha)(x-\beta) \\\\\implies g(x) = (1+x)(1-x) \\\\\boxed{\pink{\bf \implies g(x) = 1 - x^2}}\end{lgathered} [/tex]

Hence option B is correct .

Hellppp please!!! Find the area of the shaded region

Answers

Answer:

1600-400pi

Step-by-step explanation:

There are 2 semicircles making it a full circle. We are doing (40*40)-the area of the circle. We do 20*20 since that it is the radius and get 400. We then multiply it by pi. We get 400pi. Now we find the area of the square. This is 40*40 which gives us 1600. 1600-400pi is our answer

The slope of the line below is - Write a point-slope equation of the line
using the coordinates of the labeled point.

Answers

Answer:

[tex]y +9 = -4(x - 4)[/tex]

Step-by-step explanation:

Given

[tex]m = -4[/tex] --- slope

[tex](x_1,y_1) = (4,-9)[/tex] --- point

See attachment for complete question

Required

Determine the line equation

This is calculated as follows:

[tex]y - y_1 = m(x - x_1)[/tex]

Substitute values for m, x1 and y1

[tex]y - (-9) = -4(x - 4)[/tex]

Simplify the expression on the left-hand side:

[tex]y +9 = -4(x - 4)[/tex]

Question 11 of 25
What is the area of a triangle with a base of 9 units and a height of 7 units?
A. 126 sq. units
B. 63 sq. units
C. 31.5 sq. units
D. 15.75 sq. units
SUB

Answers

Answer:

triangle formula  1/2* base * height

Step-by-step explanation:

1/2*9*7 = 31.5 sq units

Determine the value of side h in the diagram below

Answers

First you find the missing angle, let’s call it “a”

a = 180 - 60 - 90 = 30

Now you apply the formula:

h = 1000sin(a) = 1000sin(30) = 1000*1/2= 500

The answer is a) 500

someone please help me asap! i will give branniest!

Answers

All you have to do is use ur calculator

Find the product.
(–12 - n)2

Answers

Answer:

n^2 +24n +144

Step-by-step explanation:

(-12-n)^2

(-12-n)(-12-n)

144+12n+12n+n^2

n^2 +24n +144

i think... :)

Yea that is correct

Explain how to evaluate algebraic expression
given value of a variable.

Answers

If you are given the value of a variable, all you have to do is substitute the variable for the value. For instance, if you are given an expression 2x + 5y, where x = 4 and y = 2, you evaluate the expression by substituting x with 4 and y with 2. That gives you 2(4) + 5(2) = 8 + 10 = 18

I hope this helps. Please make my answer the brainliest if you are satisfied with it.

Please help ASAP it’s due in 10 minutes pleaseeee I’m begging u

Answers

1 (hope i helped sorry if im wrong)

helpppppppppppppppppp​

Answers

Answer:

2 solutions

Step-by-step explanation:

Given the expression

2m/2m+3 - 2m/2m-3 = 1

Find the LCM of the expression at the left hand side:

2m(2m-3)-2m(2m+3)/(2m+3)(2m-3) = 1

open the bracket

4m²-6m-4m²-6m/(4m²-9) = 1

Cross multiply

4m²-6m-4m²-6m = 4m²  - 9

-12m = 4m²  - 9

4m²  - 9+12m = 0

4m² +12m-9 = 0

Since the resulting equation is a quadratic equation, it will have 2 solutions since the degree of the equation is 2

please helppppppppppppppp

Answers

Answer:

D

it is D D D D D D D D D D D D D D D D D D D

(8.8x10^-5)^-5 simplifed in scientifc notation

Answers

Answer:

5(44 x 10^x)^

Step-by-step explanation:

Multiply 88 x 5 = 44

5(44 x 10^x)^

please help asap no trolls!

Answers

Answer:

t = 17

s = 46

Step-by-step explanation:

Congruent Triangles

If two triangles are determined to be congruent, their side lengths and angles have the same measure.

We are given the condition that triangles HIJ and DCB are congruent. This implies that sides JH and DB have the same measure, thus:

s = 46

We can also say that sides IJ and CB have the same measure, thus:

t = 17

If u steal point i report

Answers

Answer:

Y:4     X:540

Step-by-step explanation:

Answer: first divide so you make it one and then you multiply hope that helps

Step-by-step explanation: then you can add them to get by one then multiply

In the figure a is parallel to b, what is the value of y?

Answers

Answer:

y = 60*

x = 30*

Step-by-step explanation:

the bottom angle is the same angle as y and it says 2x meaning that x is 1/2 of y. the full angle across the line is 180* so divide that by 3.

180 / 3 = 60

Paul wants to save $90 to go on a trip with his friends. He has $30 in his savings, and plans on saving $15 a week until he has enough money to go. Which of the equations below represents the situation?

Answers

Answer:

15 X w(how many weeks) + 30 = 90 or 15 X 4 + 30 = 90

Step-by-step explanation:

so he needs $90 he has $30 and he gets 15 a week so we are going to say a week will be w so however many weeks (4) so you will need to multiply it by 15 and it will be 60 then you add 30 and you get 90.

If Jim Roller can paint a room in 3 hours while John Brush would take 5 hours, how long will they take if they work together? 1/8 hour 8/15 hour 1 7/8 hours

Answers

Answer:

Step-by-step explanation:

Each hour, Jim does 1/3 of the job if working alone.

Each hour, John does 1/5 of the job if working alone.

Let x = number of hours to do the job if they work together.  So, each hour, they do 1/x of the job when they work together.

We get the equation:  1/3 + 1/5 = 1/x

Multiply the equation by the LCD, 15x:   5x + 3x = 15

                                                                             8x = 15

                                                                               x = 15/8 = 1 7/8 hrs

ANSWER:  (C).  

Answer is C


Explicación

A baker makes 120 cookies per hour. What is the rate of change in minutes?

a.10 cpm
b.2 cpm
c.1/2 cpm
d.12 cpm

Answers

One hour = 60 minutes
120 cookies/ 60 minutes
= 2 cookies per minute

Solution: B.

Solve and state the correct answer for the trigonometric equation below

tan y = 6 - 4 cot y where
[tex] 0 \leqslant y \leqslant 360[/tex]

Answers

Answer:

y = {37.4°, 79.2°, 217.4°, 259.2°}

Step-by-step explanation:

Given

tan y = 6 - 4 cot y

We now that

cot y = 1/tan y

Substitute tan y with x:

x = 6 - 4/xx² = 6x - 4x² - 6x + 4 = 0x² - 6x + 9 = 5(x - 3)² = 5x - 3 = ± √5x = 3 + √5x = 3 - √5

Replace x with tan y:

tan y = 3 + √5 ⇒ y = arctan (3 + √5) ≈ 79.2° + 180°ktan y = 3 - √5 ⇒ y = arctan (3 - √5) ≈ 37.4°  + 180°k

Answer is:

y = {37.4°, 79.2°, 217.4°, 259.2°}

The measure of <1
I don’t understand how to solve

Answers

Answer:

<1=55°

Step-by-step explanation:

180-125=55


Three hundred three and two hundredths

Answers

303.02

Three hundred three=303

Two hundredths= .02

= 303.02

Solve for x using the
distributive property.
-5(x - 2) = -20

Answers

Answer:

x=6

Step-by-step explanation:

-5(x - 2) = -20

first multiple 5 by x and -2

-5x 10 = -20

subtract 10 from 10 and -20

-5x=-30

then divide 5

x=6

ok can someone please help me? 15 pts

Answers

Answer:

3.2

Step-by-step explanation:

12.8/4 which makes the answer 3.2

Round the nearest 2 decimal places, 892/15=

Answers

Answer:

59.47

Step-by-step explanation:

a calculator might help

Given that y varies inversely with x, and y = 60 when x = 2, find x if y = 24

Answers

Step-by-step explanation:

xy = k, where k is a real constant.

When x = 2, y = 60.

=> (2)(60) = k, k = 120.

Hence when y = 24, x(24) = (120), x = 5.

Discuss: a. The role of the expansion of 1/(1 - t) in powers of t in the explanation of the Basic Convergence Principle. b. The role of the Basic Convergence Principle in the explanation of the ratio test.

Answers

Answer:

See convergence analysis below

Step-by-step explanation:

For the expansion of 1/(1-t) in powers of t, we can recall that an infinite  Geometric series with first term "1" and common ratio "t", in the case that the absolute value of "t" is smaller than 1, can be represented by:

[tex]\Sigma\limits^\infty_0\, t^n=\frac{1}{1-t} \\[/tex]

The condition for such, is that the absolute value of "t" is smaller than "1", which gives us the radius of convergence for this series "1" and the interval of convergence:  - 1 < t < 1

Recall as well that using the geometric sequence  [tex]1 + t + t^2 + t^3 +...[/tex]

The ratio test becomes [tex]\frac{a_{n+1}}{a_n} = t[/tex]

which is the SAME as the common ratio for the geometric sequence, and which in order to converge to the value [tex]\frac{1}{1-t}[/tex]   requires that the absolute valu of the common ration be smaller than "1" rendering the same radius of convergence as discussed above.

what is 4 multiplied by 2/3 in fraction form

Answers

Answer:

Step-by-step explanation:

2 and 2/3 i believe

Answer:8/3

Step-by-step explanation:i don't know if you wanted improper or not

plz leave a like

A news report says that 9% of middle school students are on the track team.
There are 600 students in your middle school.

How many students in your school would you expect to be on the track team?

Answers

Answer:

54 students.

Step-by-step explanation:

If you have 600 and 9% the nearest rounding point is %10. %10 of 600 is 60, and 1% of 60 is 6, so 60-6=54.

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