Doug is purchasing a $155,000 home with a 15-year mortgage. He will make
a 15% down payment. Use the table below to find his monthly PMI payment.
Base-To-Loan %
Fixed-Rate Loan
30 yrs. 15 yrs.
ARM 2% + 1 Year Cap
30 yrs. 15 yrs.
95,01% to 97%
0.90%
0.79%
n/a
n/a
90.01% to 95%
0.78%
0.26%
0.92%
0.81%
85.01% to 90%
0.52%
0.23%
0.65%
0.54%
85% and Under
0.32%
0.19%
0.37%
0.26%
O A. $20.86
O B. $650
O c. $11.70
O D. $27.50

umumumumum

im not sure

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.

1/6

step-by-step explanation:

3+3+3+2*2*2+29*12 = 365

step-by-step explanation: